Hold or sell Shree Renuka sugars?

I have bought Shree renuka sugars in Jan 2015 for 16.35. Should i hold it or exit before it lowers further?

 

I AM NOT AN EXPERT ...JUST MY THINKING ...
renuka is good long term bet .this may be a bottom of a stock or 50% more....???
shot term is painful for sure say"s management on cnbc .
i am holding just 4 share in my portfolio @84 ....(by mistake they remain unsold that time.)
so point is that huge profit can take place when commodity cycle turn's
your holding should not be less than three year's from now ...let's see what happens.
see for cv cycle was at lowest point in last march .even promoter were negative and now all are bullish.
just buy for long term you will win big for sure.....but only long term.

 

Dear Tejashreepv ,

Shree renuka is in a strong Long Term Bear phase .....

1.continuous sales and net profit growth falling last 5 years
2.Heavy Debt company Rs.3564
3.It is a Loss making company
4.Some of promoters stake in Pledge
5.Face Value is Rs. 1

Don't average that stock .....

Strong Resistance Zone at Rs. 16.50 and 30 levels

in rally exit in this stock and search another stock ....

 

Company is in trouble with high debt.In India politicians fix price of raw material and market decide price of suger..Company has huge investement in Brazil, economy of that country in poor shape , down graded to junk by rating agencies. So come out of Renuka or any other stock of suger sector.Forget what this stock does,you just sell it with self promise never to buy a suger stock in future and buy some sweets for your family from some of this money.You will forget bitter taste of suger stock after tasting sweet suger itself.

 

Well Said ... kharb ji