Renuka Sugar is the best buy among sugar stocks: Ashwani Gujral

In an interview to ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com gices his take on Renuka Sugars

What is your call on Renuka Sugars?

The best of the sugar lot is Renuka Sugars. People can consider that buying because some positive news on sugar can take these stocks up 30%, 40%, 50% from here.

So if you have to buy a sugar stock may be Renuka should be bought because the stop loss if fairly close by, is around levels of 28.30. upside on any positive news could be easily closer to 50-52.