Sugar stocks look positive in long run: Gaurang Shah

Gaurang Shah, Chief Manager, Geojit BNP Paribas Financial Services talks to ET NOW about the prospect of sugar stocks.

One quick word on Renuka and Welspun Gujarat. You have seen the two numbers, you heard the managements as well. What's your sense?

Amongst the entire sugar pack, definitely Shree Renuka Sugar, Bajaj Hindustan and EID Parry, these are the three players that we like a lot and we have recommended to our clients, that’s my disclosure. So going forward from here, yes, there are going to be pressures as far as commodity prices are concerned, but 12-18 months down the line, definitely quite positive.