Sugar stocks should do well: Gurunath Mudlapur

Gurunath Mudlapur, Director, Atherstone Capital Markets Ltd. in an interview with ET Now talks about sugar stocks.

Your outlook on sugar, EID Parry?

I think for the sector compared to last year there has been oversupply of sugar. Sugarcane supply for this current year the crops have been good but because there is value addition and a lot of backward integration which the sugar manufacturers have done I think that these companies now again will be benefiting from those backward integrations and considering the buoyant market conditions I think the stock should continue to do well.