Monday, February 22, 2010

Shree Renuka Sugars rises on Brazilian deal news


The scrip of sugar refining major Shree Renuka Sugars Ltd (SRSL) rose more than 3.94 percent at the Bombay Stock Exchange during morning trade Monday, after the company said it was acquiring majority stake in a large Brazilian sugar and ethanol firm.
The SRSL stock rose more than 3.94 percent to Rs.187 during morning trade, before settling to Rs.184.10, an increase of 2.33 percent from its previous close at Rs.179.90.

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