Wednesday, 2 September 2009

Shree Renuka may go up further: Mohoni

On any revival in the market Shree Renuka Sugar may go up further from here, says Technical Analyst, Deepak Mohoni.

Mohoni told CNBC-TV18, "Shree Renuka Sugar is a pure momentum play. It has been doing quite well recently. Other sugar stocks have not been so great but Renuka is moving quite differently from many of the other sugar stocks. Even today it seems to have made some sort of an intraday breakout of sorts. It is not necessarily holding out too well now with the rest of the market but any revival in the market it could go up further from here.”

Source: Moneycontrol

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