Tulsian told CNBC-T8, "I am holding my negative view for UP based sugar mills but the only positive call which I am taking is on Shree Renuka Sugar for e.g. for March quarter Bajaj Hindusthan is likely to provide an exceptional losses of about Rs 560-570 crore."
He further added, "Since Bajaj Hindusthan is the largest sugar mill, the similar kind of provisions will be made by the other sugar mills. So I think that will be a big dampener that this provision is not going to come in this quarter's result for quarter ended December but that is all going to get reflected in the quarter ended March. So I am holding very negative view on all the UP based sugar mills but only exception amongst the sugar sector is Shree Renuka where I am having positive view."
