Shree Renuka share price rose 2.69 per cent in today’s early morning trade on NSE. The company registered a standalone net profit of Rs.3.2 cr for the quarter ended June 30. The firm had reported a loss of Rs.150.2 cr in the year-ago period.
The income from operations hiked to Rs.1,629.1 cr in the first quarter of this fiscal from Rs.1,584.8 cr in the corresponding period last year. The total income rose to Rs.1,644.2 cr during April- June period from Rs.1,591.4 cr in the year-ago period.
Meanwhile, Shree Renuka share price was trading at Rs.17 NSE, up 1.80 per cent. The firm's total expense fell to Rs.1,550 cr from Rs.1,742.5 cr during the period under review.
Shree Renuka Sugars' board approved appointment of Stephen Ho Kiam Kong as the additional director of the company which came into effect yesterday. The board also approved appointment of Bhupatrai Mansukhlal Premji and Dorab Mistry as the additional directors designated as independent directors which came into effect yesterday.
According to Dynamic Levels researchers and market analysts, Shree Renuka belongs to the top 500 shares group among the 1700 shares listed on NSE. Dynamic Levels identifies the top 500 shares on a quarterly basis. The stock has strong fundamentals and financials. It has not incurred any loss in the past 2 quarters with a debt equity which is lower than 2.
To know about the support and resistance levels and other financials of the scrip, please a pay a visit to Shree Renuka share price history.
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