Sunrise sector+scarcity value+institutional investors = P/E of 86
Certain kinds of companies...
New Delhi: Shree Renuka Sugars, having a presence in the sugar sector, today reported a consolidated net profit of Rs116.9 crore for the quarter ended 30th September, 15.5% growth as compared to the similar quarter in the year-ago period.
The company had reported a net profit of Rs101.2 crore for the corresponding quarter last financial year, the company said in a filing to the Bombay Stock Exchange.
For the July-September quarter of the current financial year, the company's total revenue jumped to Rs2,571.2 crore, as against Rs 1,087.6 crore in the similar period last year.
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