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 :)