Sugar stocks attractive for traders, not long-term investors: Arindam Ghosh

In a chat with ET NOW, Arindam Ghosh, CEO, BlackRidge Capital Advisors gives his outlook on sugar stocks. Excerpts:



ET Now: The sugar stocks spiked up yesterday despite disappointing news flow. Do these stocks now become a buy, given they are beaten down and all the news flow perhaps is in the price?

Arindam Ghosh: These are some of the sectors which have always been influenced by government policies. Therefore, from a very short term perspectives, it would probably suit traders more than it would suit the long-term investors. We do not track this sector so closely and we normally try and stay away from some of the sectors which are at the mercy of changes in government policies.