Avoid sugar stocks at these levels: Ashwani Gujral, Fund Manager, Ashwanigujral.com

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his views on sugar stocks.

ET Now: What is your call on sugar space?

Ashwani Gujral: There is not much downside or upside in sugar. Sugar stocks are already beaten out of shape. I do not think that they are great trading stocks. In news-based rallies, these stocks were great shots. But, when the stocks are already down, there is very little left. I would tend to ignore sugar stocks.