Hold Balrampur Chini: Madan

Ashu Madan, President - Core Client Group, Religare Securities is of the view that one should hold Balrampur Chini at current level.

Madan told CNBC-TV18, “Balrampur Chini is one of the better stocks in the sugar segment but I am not too overtly bullish on this stock also. Currently it is on hold and 15-20 percent up move, one should get the opportunity. One should not think that a year back or six months back or more than that if they have bought at a much higher price the fortune is going to be turnaround to that extent that you will get the rates which you have seen in the past. I don’t think that would be the situation, nothing is impossible in this market but still it looks very remote. However, 15-20 percent play is definitely there and to that extent somebody should hold at this point in time.”