Shree Renuka Sugars is currently trading at Rs 56.20, up by 0.65 points or 1.17% from its previous closing of Rs 55.55 on the BSE.
The scrip opened at Rs 55.10 and has touched a high and low of Rs 56.70 and Rs 53.70 respectively. So far 571835 shares were traded on the counter.
The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs 108.15 on 11-Nov-2010 and a 52 week low of Rs 50.75 on 19-Aug-2011.
Last one week high and low of the scrip stood at Rs 58.40 and Rs 53.70 respectively. The current market cap of the company is Rs 3759 crore.
The promoters holding in the company stood at 38.07% while Institutions and Non-Institutions held 32.48% and 29.45% respectively.
Credit rating agency, ICRA has reaffirmed the long-term rating of A+ and short-term rating of A1+ assigned to the term loans, fund based facilities and non-fund based facilities aggregating to Rs 6731 crore (enhanced from Rs 5112 crore) of Shree Renuka Sugars (SRSL). The long-term rating has a stable outlook. The rating agency has also reaffirmed the A1+ rating assigned to the Commercial Paper programme of the company aggregating to Rs 1,000 crore (enhanced from Rs 500 crore).
The reaffirmation of ratings takes into account the improvement witnessed in the domestic sugar operations of the company for the past two seasons characterized by increase in cane crushing and recovery rates as well as improvements expected for the operating and financial performance of the company’s Brazilian subsidiaries following acquisition of these companies by SRSL.
Shree Renuka Sugars is one of the largest private sector sugar manufacturers in the country, promoted by first generation entrepreneurs, viz. Murkumbi family, with a combined crushing capacity of about 35,000 TCD (across seven units) in India and 59,520 TCD (across four units) in Brazil.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 39.90 |
| Bajaj Hindusthan Sug | 31.26 |
| Balrampur Chini Mill | 527.85 |
| Triveni Engg. & Inds | 461.90 |
| Dalmia Bharat Sugar | 368.20 |
| View more.. | |
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