Buy Shree Renuka Sugars around Rs 30: SP Tulsian

Tulsian told CNBC-TV18, “I have been keeping myself away from all the UP-based sugar mills and whatever mills the share price movements, which we have been seeing mainly of Balrampur Chini , Bajaj Hindusthan they are all UP-based sugar mills and it is obvious that none of them is going to perform on the expected line for their March quarter because now we are approaching the March quarter result season.”

He further added, “Except for Renuka, I don’t think that you have substance or you have any investment potential in going for any of the sugar stocks. So probably maybe at the lower level at about Rs 30, Shree Renuka can be considered for buying and not any other stocks.”