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SHREE RENUKA SUGARS LTD.SHREE RENUKA SUGARS LTD.SHREE RENUKA SUGARS LTD.

SHREE RENUKA SUGARS LTD.

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The biggest player of ethenol in India.has the highest capacity for Ethanol and is also increasing capacity Cash from operations is improving. High debts retired under the guidance of new management Wilmar. Credit rating improved and the guarantee given by the parent company. They are also selling sugar to Adani wilmar group according to their BS. The plant is working at more than 100% capacity. One more plant is expected to be operationalised by Oct. It should touch 80 by second quarter results as good monsoon is also expected. The biggest player of ethenol in India.
NSE:RENUKALong
by Tradernawab
1
target 70, 100The country's sugar exports exceeded 10 million tons for the first time. India's sugar exports jumped 65% in 2021-22 corresponding to previous year. This was despite logistical challenges posed by COVID-19 pandemic, Ministry of Commerce and Industry Piyush Goyal said. Sugar exports are estimated to increase to over 90 lakh tonnes in the current marketing year ending September, from 71-72 lakh tonnes in the previous year, on better demand for the Indian sweetener from Bangladesh and Indonesia, according to industry body ISMA. The sugar marketing year runs from October to September. Around 80 lakh tonnes of sugar export have been contracted so far. Out of that, about 57.17 lakh tonnes of sugar have been physically exported out of the country during October 2021-March 2022 period, as compared to about 31.85 lakh tonnes exported in the last sugar year during the same period. About 7-8 lakh tonnes of sugar is in pipeline for export in April 2022. Major export destinations are Indonesia and Bangladesh, accounting for almost 44 per cent of total exports, as against 48 per cent shared collectively by Indonesia and Afghanistan last year during the corresponding period ISMA said it has revised its production estimate to 350 lakh tonnes for the 2021-22 marketing year. It also revised its export estimates to over 90 lakh tonnes. Considering the above and domestic consumption of 272 lakh tonnes, there will be a closing balance of 68 lakh tonnes at the end of the sugar season on 30th September 2022 On the production side, ISMA said that mills have produced 329.91 lakh tonnes of sugar till April 15 in the current 2021-22 marketing year against 291.82 lakh tonnes in the year-ago period.
NSE:RENUKALong
by Tradernawab
Shree Renuka Sugar Ltd.*Shree Renuka Sugar Ltd.* Excellent Chart Formation Cup & Handle Formation: Weekly Basis Ascending Triangle Price / Volume Breakout: Weekly Basis Additionally Multi Year Trendline Breakout to Happen *With Increase in Price, Trail Stop Loss* *Book Profit as per Your Risk Appetite* *Fundamentals Improving* Sugar / Ethanol Story Gaining Traction. Russia Sugar Export Ban further Aiding International Sugar Price. Ethanol Capacity one of highest in India. Revenue Increasing - Qtrly / Yrly Basis. Profitability Back at Qtrly Basis. Improving Cash Conversion Cycle. However, Debt still at high levels. Negative TNW. But Backed by Wilmar Internation. Corporate Guarantees provided to Bank for Debts. Turnaround Story In Making. *Do Your Own Research as Well. This is Just an Opinion.* Your Opinion may Differ and is Respected. Happy Investing :)
NSE:RENUKALong
by IdeasNeosagi
Symmetrical triangle BO on Renuka Sugars daily chartSymmetrical triangle BO on Renuka Sugars daily chart, after a high of 47.75 on daily TF, the stock had a correction & has been consolidating since august, as per today's closing seems this is a Symmetrical triangle BO. MACD seems giving +ve divergence, volumes are decent, RSI is around 54, good stock to watch out for in coming days, needs volume & RSI strength to see some good up move, resistance at 29.85 & 32.75. Disc: Invested, chart for education purpose only. Not a reco for trading/investment
NSE:RENUKA
by amjai85
2