Rahul Mohindar of Viratechindia is of the view that investor should use downside to accumulate sugar stocks.
Mohindar told CNBC-TV18, "I think in the medium term, this is a sector where uptrend is likely to emerge, I would use a downside if I were an investor for about 3-5 months, use a 5% or a 10% downside to start accumulating. My sense is that from these levels there is not too much of a downside, surprise that one could expect here, I would personally like Balrampur Chini and Bajaj Hindustan and I would like to stay with majors and I see a visibility of a major uptrend in the medium term."
Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.
