Dec 11, 2008, 12.18 PM | Source: CNBC-TV18
Ambareesh Baliga of Karvy Stock Broking is of the view that Balrampur Chini can be a multibagger from here.
Baliga told CNBC-TV18, "The way we see it is 2009 may not be too good for sugar but 2010 onwards the sugar prices have to go up there is no other choice. We clearly see the sugar prices ex-mill at around 22-23 in FY10 and I think if you have to buy sugar, buy sugar from that point of view. You need to hold on for the next twelve-fifteen months. A stock like Balrampur Chini can be a multibagger from here."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.