Buy Balrampur Chini at Rs 75: Bose

Technical Analyst, Rajat K Bose is of the view that one can buy Balrampur Chini Mills at Rs 75.

Bose told CNBC-TV18, "Balrampur Chini, Triveni Engineering are not showing any encouraging signs as such. Triveni Engineering got hammered and so has been the whole of the sugar pack. But Balrampur Chini attracts a lot of buying when it comes to the mid 70s. So say another 10% you will see a lot of buying coming into that. Triveni Engineering slightly wobbly, maybe Renuka Sugars might attract some buying today that is the kind of scenario but they are not suggesting that you actually go out and buy them but definitely in Balrampur Chini at around Rs 75 I would be a buyer."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.