Shree Renuka, Balrampur Chini & Bajaj Hindusthan advisable sugar stocks: BNP Paribas

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services in an interview with ET NOW said as a commodity play you are going to see much of moves as far as our markets are concerned. I would rather avoid sugar as of now and if you really, if you like sugar a lot then only 3 stocks that you can possibly keep on your radar Shree Renuka Sugar, Balrampur Chini, Bajaj Hindusthan and may be little bit of EID Parry.

Fundamentally what's your call on sugar.... just stay off from the entire sector?

I guess so because any kind of up moves you are going to witness a sell of and like Devang was saying that wait for it to bounce back and then possibly you can take an exit roof if you got invested or may be you can open up short.

I really don't think as a commodity play also you are going to see much of moves as far as our markets are concerned because more or less its going to be government administered price so I would rather avoid sugar as of now and if you really, if you like sugar a lot then only 3 stocks that you can possibly keep on your radar Shree Renuka Sugar, Balrampur Chini, Bajaj Hindusthan and may be little bit of EID Parry.