Renuka Sugars is a buy: Ashish Kapur, Invest Shoppe India Ltd
The company fundamentals are very strong and if we believe that at some point sugar sector unwound and it will happen sooner than expected.
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| Ashish Kapur, CEO, Invest Shoppe India Ltd, in a chat with ET Now talks about his recommendations.
What is your take on sugar space?
I believe market is poised to have a good run from here and sector wise, we are seeing good rotation. So the one of the 3 sectors which come to my mind is sugar which somewhat is coming back but the stocks have still not fired up. So Renuka Sugars is one stock which we are recommending because the company fundamentals are very strong and if we believe that at some point, sugar sector unwound and it will happen sooner than expected. So Renuka at about Rs 70-71 looks very interesting.
What is your take on sugar space?
I believe market is poised to have a good run from here and sector wise, we are seeing good rotation. So the one of the 3 sectors which come to my mind is sugar which somewhat is coming back but the stocks have still not fired up. So Renuka Sugars is one stock which we are recommending because the company fundamentals are very strong and if we believe that at some point, sugar sector unwound and it will happen sooner than expected. So Renuka at about Rs 70-71 looks very interesting.
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