Renuka sugars

Is it good to buy renuka sugars at this point 76.50??? any one please guide....Thanks.

I think its a good contra call. Sugar stocks have come down a lot and renuka is gone ex-bonus also. Atleast i have bough it today

ya me too made few purchase but i feel its best around 65~66

guys the bonus issue record date was today ..

i bought some one 15th

and if i sold them tomorrow... will i get the bonus shares??

No, you will not get bonus now. To get bonus you should buy shares before it becomes EX. Incase of Renuka it was 15/03/2010 i.e if you had to buy shares latest by 14th you would have had received bonus. Not now.

renuka is drop vertically 123 to 72 in just 3 months and right now stock will trade side ways in 80- 60 range at least 1 months so avoid fresh long in this stock

No. it splited into 2:1 ratio. Thats why the price went sharply down.

However Sugar stock are on fire now.. So better don't let your fingers burn.

Happy and Safe Investing"

who are more smart in mrkt for those people i will write in before bounce price so they will understand better.

renuka is drop vertically 247 to 144 in just 3 months and right now stock will trade side ways in 160- 120 range at least for 1 months so avoid fresh long in this stock

The date is on 17th na ?

"Shree Renuka Sugars Ltd has informed BSE that the Allotment Committee of the Board at its meeting held on March 04, 2010 has fixed March 17, 2010 as the Record Date for determining the equity shareholders who shall be entitled to bonus shares to be issued in the ratio of 1:1 (one bonus share for every share held), in pursuance of resolution passed at the Annual General Meeting of the Company held on March 04, 2010."

Latest announcement 18 March 2010:

"Shree Renuka Sugars Ltd has informed BSE that, pursuant to the approval of the shareholders of the Company at the Annual General Meeting of the Company held on March 04, 2010, for the issue of Bonus Shares in the ratio of one Bonus shares for every one share held (1:1), the Committee of Directors at its meeting held on March 18, 2010, allotted 33,49,00,000 equity shares of Re. 1/- each (Fully paid) as Bonus Shares to the shareholders of the Company whose names appear on the records of the Company i.e. in the list of beneficial owners maintained by the Depositories and the Register of Members as on March 17, 2010 (Record Date). Consequently, the paid-up equity share capital of the Company has increased to Rs. 66,98,00,000/- consisting of 66,98,00,000 equity shares of Re. 1/- each. "