Shree Renuka Sugars Shows Strong Recovery Amidst Broader Market Challenges
Shree Renuka Sugars has demonstrated notable performance, gaining 5.64% on May 19, 2025, and achieving a total return of 23.28% over six consecutive days. The stock is currently above several key moving averages, despite a year-to-date decline, reflecting a recovery trend in the sugar sector.
Shree Renuka Sugars, a midcap player in the sugar industry, has shown significant activity today, gaining 5.64% on May 19, 2025. This performance outpaced the sector by 3.74%, marking a notable trend as the stock has experienced a consecutive gain over the past six days, accumulating a total return of 23.28% during this period. The stock reached an intraday high of Rs 33.85, reflecting a 6.11% increase at its peak. In terms of moving averages, Shree Renuka Sugars is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.
In the broader market context, the Sensex opened flat and is currently trading at 82,188.60, down 0.17%. Despite this, the sugar sector has shown resilience, gaining 2.33% overall. Shree Renuka Sugars' recent performance contrasts with its year-to-date decline of 14.78%, highlighting the stock's recent recovery amidst a challenging market backdrop.
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