Shree Renuka Sugars fell 2.3% to Rs 14 at 13:46 IST on BSE on profit booking after the stock gained 23% in five trading days to settle at Rs 14.33 yesterday, 8 March 2016, from its close of Rs 11.65 on 29 February 2016.
Meanwhile, the S&P BSE Sensex was down 58.84 points or 0.24% at 24,600.39
On BSE, so far 14.66 lakh shares were traded in the counter as against average daily volume of 12.81 lakh shares in the past one quarter. The stock hit a high of Rs 14.51 and a low of Rs 13.84 so far during the day. The stock had hit a record low of Rs 7.03 on 25 August 2015. The stock had hit a 52-week high of Rs 18.02 on 19 November 2015. The stock had outperformed the market over the past one month till 8 March 2016, gaining 18.92% compared with gains of 1.53% in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 16.22% as against Sensex's 2.57% fall.
The small-cap sugar producing company has equity capital of Rs 92.88 crore. Face value per share is Re 1.
Shree Renuka Sugars' reported net loss of Rs 45.80 crore in Q3 December 2015, lower than net loss of Rs 89.70 crore in Q3 December 2014. Total income rose 20.2% to Rs 1531 crore in Q3 December 2015 over Q3 December 2014.
Shree Renuka Sugars is one of the leading sugar manufacturers in India.
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