I had given a call on Renuka Sugars at 64 on July 22nd and advised profit booking on 50% holdings at 85. Renuka is now at 95, 48% above my original call.
Retain the 50% holding you have.
FRESH BUYS: One can still buy RENUKA at current levels.
Short term target 102, long term 9 month target of 122, 28% above CMP, 90% above my original call.
On Mon, Sep 20, 2010 at 10:52 AM, POWERFULPICKS wrote:
On Mon, Sep 20, 2010 at 10:52 AM, POWERFULPICKS wrote:
powerfulpicks call update: On July 22nd, I had written: "But Renuka is a better integrated sugar player than Sakhti Sugars. Renuka has the potential of climbing from 63-64 levels to 80 in the next 3-4 months".As I had prediced, Renuka touched 82.4 today, up 28% in less than 2 months and I hope quite a few of you who had responded to the call, made some good money. Hold till 85 and then book 50% profits.
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