Friends, the stock market has been witnessing ups and downs for the last few months. Amidst these ups and downs, there were some stocks which saw a decline. Friends, today in this article we are going to tell you about such a stock in the sugar sector which has given excellent returns to its investors. And has made its investors millionaires.
Friends This stock has given multibagger returns to the investors. Let us tell you that the stock has given a stupendous return of more than 350% in the last 2 years.
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Friends Shree Renuka Sugars Limited was established in the year 1998. The IPO of this company was launched on 31 October 2005. It is a company with a market cap of Rs 10,078.40 crore. The debt of this company is Rs 4,131.15 crore.
The company is engaged in sugar manufacturing and refining sector. The company is engaged in the production of sugar, ethanol, electricity.
It was Rs.9.45 on February 5, 2021 and now it has reached Rs.47.40 on February 9, 2022. During this interval, the stock has given a whopping 381.22% return to the investors.
While talking about the returns of the last five years, the stock has given a good return of 202.56%, in the last one year it has given a return of 24.44% and in the last 6 months it has given a return of 5.69%.
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