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Shree Renuka Sugars drops as net loss widens in Q1

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Capital Market

Shree Renuka Sugars fell 3.02% to Rs 8.67 at 9:22 IST on BSE after the company reported net loss of Rs 227.20 crore in Q1 June 2015, higher than net loss of Rs 80.60 crore in Q1 June 2014.

The Q1 result was announced after market hours yesterday, 13 August 2015.

Meanwhile, the S&P BSE Sensex was up 119.32 points or 0.43% at 27,668.85.

On BSE, so far 78,000 shares were traded in the counter as against average daily volume of 16.51 lakh shares in the past two weeks.

The stock hit a high of Rs 8.90 and a low of Rs 8.65 so far during the day. The stock had hit a record low of Rs 8.25 on 29 July 2015. The stock had hit a 52-week high of Rs 21.70 on 22 August 2014.

 

Shree Renuka Sugars' total income rose 33.68% to Rs 1550.90 crore in Q1 June 2015 over Q1 June 2014.

Shree Renuka Sugars is one of the leading sugar manufacturers in India.

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First Published: Aug 14 2015 | 9:24 AM IST

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