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Agricultural Commodities

SHREE RENUKA SUGARAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:RENUKALong
by sreekumars
5
Sweetness is about to get even sweeter with this sugar stockHello Traders and investors, All sugar sector is in limelight since few years, but this stock has performed with an average in rally. But it seems consolidation has been over now and this is now ready to fly in blue sky. In this week volumes are high for delivery, it seems smart money has taken entry and i am expecting this rally should exceed from here. And guy's this is one of the very old company in India. EID Parry is engaged in Sugar, Nutraceuticals and ethanol production. It also has a significant presence in the Farm Inputs business including Bio pesticides through its subsidiary, Coromandel International Limited. Market Cap ₹ 9,535 Cr. Current Price ₹ 537 High / Low ₹ 628 / 433 Stock P/E 9.62 Book Value ₹ 375 Dividend Yield 1.77 % ROCE 27.4 % ROE 16.2 % Face Value ₹ 1.00 Debt ₹ 878 Cr. EPS ₹ 55.8 PEG Ratio 0.35 Promoter holding 44.5 % Intrinsic Value ₹ 836 Pledged percentage 0.03 % EVEBITDA 2.23 Change in Prom Hold 0.00 % Profit Var 5Yrs 27.2 % Sales growth 5Years 18.0 % Return over 5years 19.8 % PROS Company has reduced debt. Company has delivered good profit growth of 27.2% CAGR over last 5 years. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:EIDPARRYLong
by TraderRahulPal
4
Elliott Wave Insights: Shree Renuka Sugar Ltd - Bullish OutlookHello Friends, Welcome to our Elliott Wave analysis and technical indicators overview of Shree Renuka Sugar Ltd (RENUKA). In this analysis, we'll explore the Elliott Wave perspective and how it aligns with various technical indicators to support a bullish sentiment in the stock. Please note that this analysis is for educational purposes only and not financial advice. Let's dive into the details. Completion of Larger Degree impulse wave (1) and then correction wave (2). Based on the Elliott Wave principle, we've witnessed Shree Renuka Sugar Ltd undergo a larger degree wave cycle. The stock completed waves 1-2-3-4-5 as subdivisions of larger degree wave (1). Following that, corrective waves A-B-C formed as subdivisions of larger degree wave (2). This suggests that the corrective phase might be over, potentially heading the way for a new impulse wave. In line with the Elliott Wave structure, there are indications that the stock is entering the initial phase of a fresh impulse wave. If this assumption holds true, it could signal a renewed bullish momentum in the stock's price. possibly we are in the beginning of a fresh Impulse wave may be we are in wave (i) of 1 of (3). Possible Elliott wave structure and counts on daily time frame Adding to the bullish case, stock has experienced a breakout on the daily timeframe. Breakouts signify a decisive breach of a key resistance level, indicating a potential change in trend direction. The accompanying strong trading volumes during the breakout add validity to the move, suggesting a significant market interest. Breakout on daily time frame along with good intensity of Volumes Weekly price closed above 20-Week Moving Average (20WMA) On the weekly timeframe, the stock's price has consistently closed above the 20-week Moving Average (20WMA). This indicates a positive long-term trend and reinforces the potential for further bullish movements. Weekly price closed above 20WMA which is good sign for bulls Daily Price Above Key Moving Averages - 50DEMA, 100DEMA, and 200DEMA On the daily timeframe, stock trading above the 50-day Exponential Moving Average (50DEMA), 100-day Exponential Moving Average (100DEMA), and now has closed above 200-day Exponential Moving Average (200DEMA). The alignment of these moving averages above the stock's price is considered a bullish sign, indicating a strong trend. Daily price closed above 50DEMA, 100DEMA, and 200DEMA which is good sign for bulls MACD positive in daily MACD positive in weekly Conclusion The comprehensive analysis combining Elliott Wave principles with technical indicators supports a prevailing bullish sentiment in Shree Renuka Sugar Ltd. The completion of a larger degree correction and the potential beginning of a fresh impulse wave suggest positive market sentiment. Moreover, the breakout on the daily timeframe and strong volume support reinforce the potential for further bullish movements. However, always remember that no analysis can predict future price movements with certainty, and the market carries inherent risks. While this analysis aims to provide a well-informed perspective, it's essential to acknowledge that the future performance of the stock cannot be guaranteed, and prudent risk management is advisable. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:RENUKALong
by RK_Chaarts
11