Buy sugar stocks: N Pillai

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Neppolian Pillai of Modern Shares & Stock Brokers is of the view that one can buy and hold sugar stocks.

Pillai told CNBC-TV18, "Though the sugar price has taken such a big beating and they are completely decimated in this fall when I look up at the long-term monthly charts from an investment perspective that sector will stand you in good state in coming few days or months or years. These levels, surely you need to accumulate. That's probably one sector, which I would till continue to say that you can probably buy and hold rather than buy and sell."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.