At that time Rhl (n) was trading at Rs 124.75 & Rhl (x) Was trading at Rs 95. All Share Price Index was at 3056.64 points. As at today 24/12/2009 Rhl (n ) is up by Rs 13.75 ,trading at Rs 138.50. Rhl( x) is up by Rs 19 & trading at Rs 114.
ASI as at 24/12/2009 is 3292.76
RETURN FROM INVESTING RENUKA HOLDING AS AT 24/12/2009
ASI RHL (N) RHL (X)
7.72% 11.02% 20%
This clearly shows both Rhl ( n) & (x) shares outperformed the market ASI as at today (24/12/2009)& the highest growth can be seen in non voting counter due to its low liquidity.
We still believe that both these counters have room for go up, back of the strong company performance as at 30/09/2009 (see RHL Accounts)& the future opportunities available in the agricultural sector in our country.Further RHL being the ultimate holding company of COCO LANKA, RENUKA AGRI FOODS, RENUKA AGRI EXPORTS LIMITED has the chance of price moving up once the Renuka agri foods commence trading at the cse.
How ever we advise investors to have a very close look at the price fluctuations of the counters.Selling of a particular share at any time is the choice of investors.
Investing in shares is one of the best investment opportunities available in our country today after the end of 30 years civil war. You can clearly see the return mentioned above,which is withing a very short period of 02 weeks.To day bank rates have come down to single digits levels,there for act now tomorrow may be too late.
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