Avinash Gorakshakar, Market Expert told CNBC-TV18, "In the sugar space, I would recommend to buy something like a Dhampur Sugar or a Balrampur Chini because Ugar Sugar is a standalone sugar player. The real benefit for sugar companies will be those which are basically integrated."
"Ugar Sugar, in the latest second quarter, incurred a loss of almost Rs 20 odd crore. So, I do not think things are going to change for the better here. One should either switch to something like a Balrampur Chini or a Dhampur," he added.
At 14:48 hrs Ugar Sugar Works was quoting at Rs 26.00, down Rs 1.30, or 4.76 percent on the BSE.