Multibagger Stock: 350 percent return in 2 years! How much profit did investors get? –

Multibagger Stock: Sri Renuka Sugars Limited is an agribusiness and bioenergy corporation present across the sugar value chain. It produces sugar, ethanol, energy etc. It is an integrated manufacturing company with strategic focus on sugar and its allied products in power and ethanol. The company is mainly engaged in the production and refining of sugar, ethyl alcohol, ethanol, production and sale of electricity.

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

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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