Shree Renuka Sugars’ Stock Price Sees 5.3% Increase, Outperforms Sector
Shree Renuka Sugars’ stock rose 5.3% on November 26, 2024, driven by strong market performance, outperforming the sector by 2.58%. The stock has gained 9.56% over three days, with its price exceeding short-term moving averages but lagging longer ones. Despite a “Strong Sell” rating by MarketsMOJO, it outperformed both the sugar sector (+3.02%) and the Sensex (-0.13%).
On November 26, 2024, Shree Renuka Sugars’ stock price rose by 5.3% due to its strong performance in the sugar industry, outperforming the sector by 2.58%. The stock has been gaining for the last three days, with a 9.56% increase in returns. Its moving averages are currently higher than the 5-day and 20-day averages, but lower than the 50-day, 100-day, and 200-day averages.
Shree Renuka Sugars, a midcap company in the sugar industry, has seen a 5.3% increase in its stock price on November 26, 2024. This rise in stock price has been attributed to the company’s strong performance in the market.
According to MarketsMOJO, a leading financial analysis platform, the stock of Shree Renuka Sugars has been given a ‘Strong Sell’ rating. However, the company has outperformed the sector by 2.58% and has been gaining for the last three days, with a 9.56% increase in returns during this period.
On November 26, the stock reached an intraday high of Rs 42.2, showing a 5.58% increase. The stock’s moving averages are currently higher than the 5-day and 20-day averages, but lower than the 50-day, 100-day, and 200-day averages.
In the sugar industry, Shree Renuka Sugars has shown a positive trend, with a 3.02% gain in the sector. In comparison, the Sensex performance on the same day was -0.13%. Over the past month, the company’s stock has seen a 5.63% increase, while the Sensex has only seen a 0.76% increase.
Overall, Shree Renuka Sugars has shown a strong performance in the market, with a significant increase in its stock price and outperforming the sector. Investors should keep an eye on the company’s future performance to make informed decisions.
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Source Link : Market Mojo
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