5-8% upside move expected in Sugar stocks: www.aptartindia.com

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com in an interview to ET Now said that two weeks back, we were convinced that sugar has bottomed out and now is a time for momentum. I see a 5-8% upside move in all of these stocks. Dwarikesh specifically can go beyond 10% from current levels, so once the sector is on fire, latch onto it.

Shree Renuka, Dwarikesh, EID Perry, out of the 7 stocks you have, four are sugar, so what, we have got a technical uptrend and how far it can go?

Two weeks back, we were convinced that sugar has bottomed out and now is a time for momentum. I see a 5-8% upside move in all of these stocks. Dwarikesh specifically can go beyond 10% from current levels, so once the sector is on fire, latch onto it.

What about those we have left behind, they will be depressed, Bajaj Hindustan, Dhampur, all these other guys, they will say 'what did we do wrong?' So their charts are not looking similar to this?

Bajaj Hindustan is looking pretty strong but not the other ones, so I would add Bajaj Hindustan to this pack. Other ones are not looking that strong, not that they are looking weak.