Hold Shree Renuka Sugar: Gujral
Published on Wednesday, November 11th, 2009 at 7:14 PMAuthor: stockalert (2026 Articles)
Hold Shree Renuka Sugar, says Technical Analyst, Ashwani Gujral.
Gujral told CNBC-TV18, “Shree Renuka has already crossed the Rs 220 mark and once it’s above Rs 220, then we are basically looking at a level of Rs 260 here. Sugar remains one of the strongest sectors and in terms of acquisition I don’t know who is smarter whether the company that is buying or the one that is selling, we have seen what’s happened earlier in cycles of steel and autos, so basically you could still hold on as long as Rs 203-205 is sustained on this counter.”
Source : MoneyControl
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