Shree Renuka best bet among sugar stocks: Prashasta Seth

In a chat with ET Now, Prashasta Seth, Sr. Fund Manager, IIFL Wealth, India Infoline, shares his trading calls.

What would you do with policy-sensitive stories right now, fertilisers and sugar?

I would stay away from anything that is policy sensitive because there are so many flip-flops in terms of policy in India that it is essentially difficult to take a call on what is going to happen on the policy front. You have to play sugar from the perspective of increase in sugar prices in the global markets rather than what is going to happen in India in terms of allowing exports, etc. Therefore, if you want to play sugar, Shree Renuka is what you need to look at, that's where decent part of revenues come from Brazil and that's one stock that has a potential of benefiting from the rise in international sugar prices. Beyond that, it is very difficult to take a call. There are so many flip-flops that to take an informed view is pretty difficult. It is just like a toss of a coin and if you get it right, you make money, if you do not get it right, you lose money.