There may be further appreciation in sugar companies: Capital Portfolio Advisors

In a chat with ET Now, Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors, shares his views on sugar sector.

ET Now: What is your call on the sugar space?

Paras Adenwala: There cannot be a consistent view in volatile commodity like sugar. For the time being, sugar looks like in for some good times. Sugar prices are moving up largely because of issues in Brazil and locally too, and that augur well for Indian sugar companies. So, there may be further scope for appreciation in the sugar companies.