Sugar stocks look good for long term: Mohindar

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Sugar stocks look good for long term: Mohindar

Sugar stocks look good on long term perspective, says Rahul Mohindar of Viratechindia.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rahul Mohindar 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? Other Stocks in this news Bajaj Hindusthan |

Rahul Mohindar of Viratechindia is of the view that sugar stocks look good on long term perspective.

Mohindar told CNBC-TV18, " Balrampur Chini moving up from Rs 125-128 support is very interesting and I think we will need a little more of an indication, not just one day but we probably want to see the stock trade above Rs 135-138 kind of levels for maybe 2-3 sessions and that would really build in some more confidence."

He further added, "But I think we are bouncing up from the right point. Longer-term time frames look pretty good on Bajaj Hindusthan and most of the sugar stocks. I would say I would still keep them in my portfolio and add them into it."