Avoid sugar stocks: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his views on sugar stocks.

What is the call on sugar stocks?

I am not too overexcited by sugar stocks. Each time they go down to 50-55, we get news of deregulation and all those things, maybe 50 to 70 for most of those sugar stocks and other than getting trading gains of 15-20%, I do not think it is worthwhile getting into there. Maybe EID Parry which has been suggested today, that is a much better sugar related stock than the sugar stocks themselves.