Stock Intraday Tips- Share Recomendation

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It is recommended to buy Shree Renuka Sugars intraday for target of Rs 35-36 with keeping a stoploss of Rs 30. The government is likely to allow exports of may be 1 million tonne sugar by next week, which will be seen quite positive overall for the sugar sector and largely for this company since this company is the largest sugar manufacturer and having huge trading activity. Apart from that the stock is seen to be hugely oversold in last three days post its Q4 dull numbers and hence short covering can also act as a big trigger for the stock.

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