Shree Renuka Sugar CMP 53.65
#RENUKA:

Sales have been falling since the march of 2012 and the company has also been booking losses.⁉️

The reserves have fallen to negative⛔️ but the company is focusing on clearing its borrowings and has halved it since 2012.✨

This year’s EPS, ROE, ROCE and Return is -1.04, 0, 9.41% and -14🚫❗️ yet the promoter and DIIs have been increasing their holdings. ✅

The Stock is having a good support at 50.60

Technically=Breakout to Consolidation✅
Fundamentally= Weak❌