SP Tulsian positive on Shree Renuka

Investment Advisor, SP Tulsian is positive on Shree Renuka.

Tulsian told CNBC-TV18, "We must take a yearly call on all the sugar stocks because it will be wrong on my part to say that we are going to see the bullish time for Renuka Sugar for next 5 years. But if I just confine my self to next one year and having seen their presence now in Brazil also, so this company will be having around the clock sugar production across the globe, may be between April to December they will be having production in Brazil and from November to May they will producing here in India." He further added, "Considering the global scenario where the global situation is quite shortage and having very good realization with the domestic production likely to be above 25 million tonne, infact I am expecting this year it to be 26-26.5 million tonne for our season. So Renuka will be the largest beneficiary because the exports, which is going to be made from our country the large portion of that is going to be effected by Renuka Sugar because of the location advantages and all that. So taking all this into consideration for next one year I am quite positive on the stock."