More downside for Balrampur Chini: Deepak Mohoni

ET Now spoke to Deepak Mohoni, Director, trendwatchindia.com, on his view on Balrampur Chini.

What is your call on Balrampur Chini?

Balrampur Chini, sugar stocks have backed in since early November. They were having a good rally but that seems to be very much over for sugar now and Balrampur Chini may be holding out a little bit around Rs 76 or so, but it has closed around the low of the day and that level will probably go, given the market conditions and that should lead to easily a 3-4% fall from here.