Avoid sugar stocks: Sonam Udasi, IDBI Capital

I would rather play an IRB, if I have to play a turnaround story rather than play sugar because it is very volatile. Investors never come to know that what is going to happen in this sector. So I would rather avoid the sector.

| Updated: Sep 20, 2012, 04.51 PM IST

In a chat with ET Now, Sonam Udasi, Head of Research, IDBI Capital, shares views on sugar sector.

ET Now: What is your call on the sugar space?

Sonam Udasi: I would rather play an IRB, if I have to play a turnaround story rather than play sugar because it is very volatile. Investors never come to know that what is going to happen in this sector. So I would rather avoid the sector.

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