Renuka Sugar is a company in the sugar sector. The total valuation (market value) of the company is Rs.9,971 crore. One share of the company is priced at Rs.47.37 in BSE market today and Rs.47.35 in NSE market today.
320% return in three months
If you look at the performance of the Renuka Sugar stock, this stock has given a handsome return of 27 per cent in the last one week. 148% in one month, 320% in three months, 223% so far this year, 252% in last one year and 205% in three years.
Company’s emphasis on ethanol production
Recently, Shree Renuka Sugars has announced an investment of Rs 450 crore to increase its ethanol production capacity. In a communication sent to the stock markets, the company said that its board of directors has approved to increase the ethanol production capacity by 430 kilolitres per day to 1,400 kilolitres per day. Earlier in February, the company’s board of directors had approved to increase the ethanol production capacity from 720 kilolitres per day to 970 kilolitres per day.
Future of Shree Renuka Sugars Share
Looking ahead, Shree Renuka sugars is expected to grow at a rapid pace due to its market leading position in its business segment. Also, due to the long experience of the management in this business, it seems to be managing the Cash Flows well for the expansion of the business.
Because of which tremendous growth can be seen in the share price due to the good decision of the management in the long run.
But remember that no one should forget to take the advice of their financial advisor before taking any investment decision at any price.
