Tulsian told CNBC-TV18, "Considering the meeting on 16th with Finance Minister of the sugarcane industry, I think it's a foregone conclusion that two relief's will come one is dismantling of the levy of 10%, which will straight way increase the realisation by Re 1 per kilo on the entire quantity produced and second is the dismantling of the monthly release mechanism which will put ease on the working capital pressure on the sugar mills. I don't know the timings because it cannot be expected to happen that on the 16 th the patient hearing will be given by Finance Minister to the industry and them probably after the model code of conduct comes to an end this is going to get introduced."
He further added, "In anticipation of that the stocks have been seeing some upward move but one has to be very selective because across the board there are about 25-30 stocks listed and you see all of them just moving up in one direction. So I will be choosy and selective in going with a few stocks like Bajaj Hindusthan, Balarampur Chini and Shree Renuka Sugars largely for the reason that they are available in the F&O segment also But I want be putting my bet on any other sugar stocks except for this three or maybe one or two can get added to this list."
