Buy sugar stocks on dip: Sudarshan Sukhani

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Buy sugar stocks on dip: Sudarshan Sukhani

Sudarshan Sukhani advises one to wait patiently and lest the effect of the news be over. He advises Balrampur Chini to buy on dips.

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ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Balrampur Chini See messages about Balrampur Chini Balrampur Chini BSE | NSE 10/02/12 Are Mutual Funds betting on Balrampur Chini?

Sudarshan Sukhani advises one to wait patiently and lest the effect of the news be over. He advises Balrampur Chini to buy on dips.

Sukhani told CNBC-TV18, "I would expect that the dip for sugar stocks has come out, this stock is clearly news driven because of selling pressure and not because of tired liquidation, its because of news, so once that happens there is a question mark and I just heard Amit say that very correctly but yes you wait patiently and lest the effect of the news be over and I would be a buyer in the stocks that are pulling down today starting from Balrampur Chini onward, I would still say they are buy on dips."