Avoid sugar stocks, go for frontline stocks: Jagannadham Thunuguntla

In a chat with ET Now, Jagannadham Thunuguntla, Equity Head, SMC Capitals shares his views on sugar stocks.

ET Now: Sugar names are coming out of a deep slumber, but can it last?

Jagannadham Thunuguntla: One should remember that these sugar stocks do not rally. Being cyclical, they generally move in those kind of bands. If one can able to look at those bands, he/she can able to make these trading bounces.

Considering there is so much activity happening in the front line stocks, one doesn't have to really dwell into the sugar stocks.