/ Shree Renuka Sugars Posts Loss In Q3 Stock Tumbles 2.90% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 2 February 2017

For the quarter ended December 31, 2016, Shree Renuka Sugars reported a net loss of Rs 42 crore; whereas in the same quarter, last year its net loss stood at Rs 24.1 crore.

The stock in Thursday’s session opened in red, and is currently down by 0.45 points or 2.90%. The stock is currently trading at Rs 15.05 per share on the NSE.

The stock has delivered 23.05% returns in a period of one year, outperforming the BSE Small-cap index and the BSE FMCG index in the same period.

Based in Mumbai, Shree Renuka Sugars is India's largest sugar refiner and ethanol producer, with a refining capacity of 4000 tonnes/day and distillery capacity of 600 kilolitre/day. Shree Renuka Sugars Ltd is currently trading at Rs 14.9, down by Rs 0.6 or 3.87% from its previous closing of Rs 15.5 on the BSE.

The scrip opened at Rs 14.95 and has touched a high and low of Rs 15.3 and Rs 14.5 respectively. So far 4263445(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1439.66 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 19.18 on 15-Jun-2016 and a 52 week low of Rs 9.93 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 15.8 and Rs 15.1 respectively.

The promoters holding in the company stood at 55.43 % while Institutions and Non-Institutions held 4.85 % and 39.72 % respectively. The stock is currently trading above its 200 DMA.

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