Renuka sugar share price target 14th Jan 2016
Renuka sugar share price has been consolidating in the range of 11-15 rs since past few weeks. Regular readers of this website already know that we are very bullish on Renuka Sugars since 7/8Rs and we have a target price of 68 Rs for the same in the next 23 months from now. As per our analysis a super cycle move is due to start anytime now and that will begin super fast bullish move in the stock price taking Renuka Sugars share price significantly higher from current prices. In fact as per our analysis we see the share price being one of best outperformers over the next 2 years period. So buy all dips, panics in Renuka Sugars and hold for min 5 X target.
There are some significant news flow positives which will start becoming public in the next few trading days. One of the major factors for Renuka Sugars is that in Karnataka Sugar prices have moved to 35-37Rs / KG and that will help in realizations for the company. There are many other triggers (which I have already discussed in our past updates on renuka sugars which can bee seen via our archives)
Renuka sugar share price target over the next 23 months will be min of 68 rupees. It could also touch 100Rs in 23 months. One of the most amazing time cycle and astro cycle is about to start for Indian Sugar sector so be invested in Renuka Sugar, Bajaj Hind and EID Parry.
Good Trading To You!