Exit Shree Renuka Sugars on rise: Puneet Kinra
Exit Shree Renuka Sugars on rise: Puneet Kinra
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Exit Shree Renuka Sugars on rise: Puneet Kinra
Exit Shree Renuka Sugars on rise, says Puneet Kinra of Bonanza Portfolio.
Kinra told CNBC-Awaaz, “Investors should exit Shree Renuka Sugars on rise. The stock has strong selling pressure. It has support at Rs 20-22. It can touch Rs 36-40 in near term. One should exit at that level.”
The company’s trailing 12-month (TTM) EPS was at Rs 0.74 per share. (Sep 2011). The stock’s price-to-earnings (P/E) ratio was 43.24. The latest book value of the company is Rs 27.25 per share. At current value, the price-to-book value of the company was 1.17. The dividend yield of the company was 3.13%.
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