Shree Renuka Sugars looks attractive: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Technically Shree Renuka Sugars is looking very attractive. It is just building a base and coming out of it but I wouldn’t recommend something for the day because sugar stocks are not day trading opportunities. If somebody wants to take a position and expect higher prices in the next two months, Shree Renuka is appropriate at the current levels."

At 10:54 hrs Shree Renuka Sugars was quoting at Rs 22.20, up Rs 0.50, or 2.30 percent. It has touched an intraday high of Rs 22.90 and an intraday low of Rs 22.10.

The share touched its 52-week high Rs 29.50 and 52-week low Rs 14.50 on 20 February, 2013 and 28 August, 2013, respectively. Currently, it is trading 24.75 percent below its 52-week high and 53.1 percent above its 52-week low. Market capitalisation stands at Rs 1,490.33 crore.