Shares of Shree Renuka Sugar rose from Rs 9.84 on 5 February 2021 to Rs 46.80 on 07 February 2023, a gain of over 370% in the last two years of holding period. The company is a part of the S&P BSE 500 Index. The stock has given multibagger returns in the previous two years, while the S&P BSE 500 Index has returned around 21% in the last two years.
On a consolidated basis, the company’s net income fell 54.68% YoY to Rs 2187.60 crore in 2FY23. However, due to sharp increase in the cost of consumables, the company posted a net loss of Rs 141.60 crore. The company achieved a ROCE of 8.13% in FY22. The company is a component of Group A stocks and manages a market capitalization of Rs 10,046 crore
Stock market update
Today, the stock opened at Rs 47.45 with a high and low of Rs 47.75 and Rs 46.75. The stock has a 52-week high and low of Rs 68.70 and Rs 30.75 respectively on BSE.
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