Expect 4-5% upside in sugar space: Mohindar

Rahul Mohindar of Viratechindia is of the view that one can expect 4-5% upside in sugar space.

Mohindar told CNBC-TV18, "I don’t think sugar space is going to outperform the market at any stage but the kind of news that is coming out always gives a trigger on the downside. So the upside looks fairly capped, you might at best see a 4-5% of an up move on these levels and we are not recommending a trading call or a buy or even an investment call here."