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Apr 03, 2010, 04.08 PM IST
Sudarshan Sukhani, Technical Trends is of the view that one should not buy Rana Sugars. If someone wants to enter sugar then Renuka, Balrampur Chini, Bajaj Hindusthan and Triveni Engineering are far better opportunities than Rana Sugars.
Sukhani told CNBC-T V18, “I have to make a point that there are 1,200 shares listed in the NSE, why would you want to buy Rana Sugars, it has been falling from Rs 50, it has come to Rs 10. Now that is one day of news – that doesn’t change the story at all. You don’t want to buy this stock. If you already own it then it is a pity and you can as well hold it but if you want to enter sugar then Renuka, Balrampur Chini, Bajaj Hindusthan and Triveni Engineering are far better opportunities than Rana will ever be. So answer is please don’t buy it. Disclosure: Analyst does not have holdings in the above mentioned stock.
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