By Is it good to buy Renuka Sugar share?
Shree Renuka Sugars grew its revenue by 17% last year. The revenue growth is decent but the share price had an even better year, gaining 224%. Given that the business has made good progress on the top line, it would be worth taking a look at its path to profitability.
What happened Renuka Sugars?
Shree Renuka Sugars hit a lower circuit of 5% at Rs 31.95 after the company reported a consolidated net loss of Rs 240.4 crore in Q1 FY22 as against a net loss of Rs 34.9 crore in Q1 FY21. Revenue from operations declined by 36.7% YoY to Rs 829.5 crore during the quarter.
Will Renuka share price increase?
As on 9th Sep 2021 RENUKA Share Price closed @ 26.15 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 30.91 & Strong Sell for SHORT-TERM with Stoploss of 30.91 we also expect STOCK to react on Following IMPORTANT LEVELS….RENUKA Share Price.
| ROML | 94.20 | 20.00% |
|---|---|---|
| CAPLIPOINT | 933.30 | 11.12% |
| UCOBANK | 14.20 | 10.94% |
Who is owner of Renuka Sugars?
Wilmar Sugar Holdings Pte. Ltd.
Shree Renuka Sugars/Parent organizations
Which sugar share is best?
Cheap And Best 10 Sugar Stocks To Invest In 2021
| Company | Price in Rs | 5 Year Returns |
|---|---|---|
| Bajaj Hindusthan Sugar | 20.35 | -4.46% |
| Ugar Sugar Works | 35.95 | -31.85% |
| Dhampur Sugar Mills | 373.55 | 210.77% |
| Dharani Sugars & Chemicals | 29.50 | -52.07% |
Which is the best sugar stock in India?
Cheap And Best 10 Sugar Stocks To Invest In 2021
| Company | Price in Rs | 5 Year Returns |
|---|---|---|
| Dalmia Bharat Sugar and Industries | 472 | 208.83% |
| Kothari Sugars And Chemicals | 41.85 | 114.62% |
| Triveni Engineering & Industries | 199.10 | 204.43% |
| Bajaj Hindusthan Sugar | 20.35 | -4.46% |
Why are sugar stocks rising?
and Avadh Sugar & Energy Ltd. gained as much as… Sugar stocks rose as analysts remained bullish on the sector, citing India’s focus on ethanol-blending, incentives and pricing of the biofuel. Shares of sugar processors Balrampur Chini Mills Ltd.
Is Renuka sugar owned by Adani?
Adani Group may acquire the sugar business of Shree Renuka Sugars from Wilmar Sugar Holdings, according to a report by Mint. Currently, Wilmar Sugar, which is a subsidiary of Singapore-based Wilmar International, owns 39 percent stake in Shree Renuka, one of India’s largest sugar manufacturers.
Which sugar Company has highest ethanol production?
Dalmia Bharat Sugar: With sugar production plants in UP, the company is the largest sugar producing companies in India. The company will double its ethanol production capacity to 15 crore litre per annum.