Tricky to get into sugar: Rajnish Kumar, Fullerton Securities & Wealth Advisors Ltd

Rajnish Kumar, Executive VP, Fullerton Securities & Wealth Advisors Ltd., in a chat with ET Now, speaks about the sugar pocket


Would you take an exposure into sugar at the current levels?

Sugar is a little tricky to get into right now, though you are right that valuations look pretty cheap but the way sugar prices are going down and probably will be much lower in coming times globally, so even though the sugar stocks have come down, I would be extremely wary about getting into sugar stocks right now. We will have to wait and see what’s happening to sugar as a commodity before we make that move and that’s not looking very positive right now.