Sep 05, 2013, 05.51 PM | Source: CNBC-TV18
SP Tulsian of sptulsian.com is of the view that one may look to exit Shree Renuka Sugars at Rs 18.50 level.
SP Tulsian (more)
CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO
"If we take a call on the sector, I don't think that there is any positive. In fact, we have seen couple of days back that all sugar stocks have been moving up on the news that probably government will go for mandatory blending of 10 percent of ethanol into petrol, but that also fizzles out. One may look to exit it at Rs 18.50," he added.
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Sugar prices have been on a tear globally as well