pratiktech
Long

Shree Renuka Sugars likely to trade higher on export

14 0 0
As some notification has been coming from government on exporting sugar             and as per the international rates this would be a key factor for sugar             companies to increase their margin. Shree Renuka is one of the biggest producers of sugar             and likely to get most benefit. Technically, Shree Renuka has breakdown the descending trendline and given close above the same. As per the descending channel prices are likely to higher and touch higher band of channel. Price target comes around 20% higher then closing prices.
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