Shree Renuka Sugars gained 3.73% to Rs 13.90 at 11:00 IST on BSE after the company reported net profit of Rs 2.50 crore in Q2 September 2016 as compared with net loss of Rs 151.20 crore in Q2 September 2015.
The result was announced after market hours yesterday, 15 November 2016.Meanwhile, the BSE Sensex was up 186.28 points, or 0.71%, to 26,490.91.
On BSE, so far 6.99 lakh shares were traded in the counter, compared with average daily volume of 8.92 lakh shares in the past one quarter. The stock hit a high of Rs 14.25 and a low of Rs 13.65 so far during the day. The stock hit a 52-week high of Rs 19.18 on 15 June 2016. The stock hit a 52-week low of Rs 7.03 on 25 August 2015. The stock underperformed the market over the past one month till 15 November 2016, dropping 17.03% compared with the Sensex's 4.95% fall. The scrip also underperformed the market in past one quarter, declining 14.38% as against the Sensex's 6.56% decline.
The mid-cap company has equity capital of Rs 92.88 crore. Face value per share is Re 1.
Shree Renuka Sugars' total income jumped 107.05% to Rs 2049.80 crore in Q2 September 2016 over Q2 September 2015.
Shree Renuka Sugars is one of the leading sugar manufacturers in India.
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