RENUKA SUGAR is a very much value buying in the range of 60-65 .
- Its sugar division is showing poor performance due to sugar price fall.
- Share price is correcting from Rising wedge and may take support around above level as it is the price band of correction of 61.8%. LONG TERM TREND IS STILL UP.
- Presently its profitable divisions are power, ethanol and bio fertiliser. - The government has fixed new sugarcane procurement price i.e.139.12 per tonn and it is in favour of Mills to avail the cane at much cheaper rate from last year. There is well assumption that there will be more cane in new season i.e. 2010-11. This will certainly boost the profit of the cos. due to volume sales growth. - In world market raw sugar is taking support around 15.50 - 16 cents/pound due to import orders. INDIA will also place orders for import for making inventory.
***
FOR INTRADAY BUY ABOVE 64.50 ONLY STOPLOSS 63.85 FOR TARGET OF 66.05.
Large Volume indicates positiveness. 27th April is the day for Q2 result for RENUKA.
**
HAPPY TRADING.
Saturday, April 24, 2010
Friday, April 23, 2010
Immediate Requirement of Back Office, Computer Operator , AUDITORS
Leading Telecom Company work at MUNSHI PULIA , Lucknow
Direct Job NO Agents .
CA students who have AUDIT Experience , Graduates for Back Office, Paper work , Computer Operators for DAY/NIGHT Shift .
Salary Best in Industry.
Contact : Mr. Rajiv 9935007413
Amir Complex near PNB ATM , Munshi Pullia Chauraha, Lucknow
Website : http://www.lucknowjobs.net
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