Go for a sweet scrip and celebrate Christmas and New Year in style

Friends, I know many of you would be busy chalking out plans for celebrating Christmas and New Year which is fast approaching – therefore without going much into tecno-fundamentals, I want you folks to take a call right away on just this one share that will sweeten your joy in time to come. The name of the scrip is Shree Renuka Sugars Ltd. It’s a company which generates annual revenues in excess of Rs.5000 crores and churns out annual profits of Rs.400 crores plus.

Shree Renuka Sugars Limited focuses on three businesses: sugar, biofuels and renewable energy. It has cane crushing operations in Karnataka (Munoli, Athani, Havalgah and Gokak) and Maharashtra (Pathri). It also operates two leased facilities at Maharashtra (Arag) and Karnataka (Raibag). The Company has three integrated refineries in Karnataka each at Munoli and Havalgah and a port-based refinery in West Bengal. Some of its subsidiaries include Renuka Commodities DMCC, Shree Renuka Agri Ventures Limited, Gokak Sugars Limited, SRSL Ethanol Limited and KBK Chem Engineering Private Limited. During the fiscal year ended September 30, 2009 (fiscal 2009), it acquired Vale Do Ivai S.A Acucar E Alcool (VDI), a Brazilian sugar and ethanol producer. In March 2010, the Company acquired VALE DO IVAI S/A ACUCAR E ALCOOL. In July 2010, Shree Renuka Sugars Limited acquired a controlling stake of 50.34% in Equipav S.A. Acucar e Alcool.

Accumulate this scrip at every dip and expect around 25 per cent returns within 1 to 2 months flat – the scrip is sweeter than sweet can be. It’s becoming bullish and sweeter by the day and I love to distribute sweets. And when you are enjoying sweets you don’t ask questions and look for answers so just go for Renuka. We can al;ways get back into more details later on. But the markets will not wait for us. So don’t worry if the scrip opens with a gap up or gap down, just get down to your cell and place your order tomorrow..

Renuka is not very cheap at current levels of around Rs.89/share but if we consider the fact that the scrip has support at Rs.85-87, the downside risk is not much. The scrip has gone past the 200 DMA of Rs.74. Once the scrip zooms past the Resistance hurdle of Rs.93, you can go have some sweets and celebrate even before you reach your pre-set target since you are anyway bound to not only attain your target but you may probably exceed it!

Sweet Investing !