Shree Renuka Sugars Sees Surge in Trading Activity and Investor Participation

Shree Renuka Sugars Ltd, a prominent player in the sugar industry, has emerged as one of the most active equities by volume today. The stock, trading under the symbol RENUKA, saw a total traded volume of 10,490,612 shares, with a total traded value of approximately Rs 33.51 crore. The stock opened at Rs 32.25, reached a day high of Rs 32.80, and is currently trading at Rs 31.65, reflecting a 3.86% increase for the day.
In terms of performance, Shree Renuka Sugars has outperformed its sector, which gained 2.07%, by 1.65%. The stock has shown a consistent upward trend, gaining for the last four consecutive days and achieving a total return of 15.51% during this period. Notably, the stock's performance is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Investor participation has also increased, with a delivery volume of 423,900 shares on May 14, marking a significant rise of 163.09% compared to the 5-day average. With a market capitalization of Rs 6,757.96 crore, Shree Renuka Sugars continues to demonstrate robust liquidity, making it a notable entity in the mid-cap segment of the sugar industry. Overall, the stock's performance today reflects strong activity and positive momentum within the market.