According to Nooresh Merani of AMSEC, Balrampur Chini Mills may touch Rs 70-75 in the medium term.
Nooresh Merani of AMSEC told CNBC-TV18, "Technically a lot of sugar stocks have bottomed out over the last six-eight months. This is just about time when they start moving up. So today is one of those days, if it follows up we could see much higher levels."
"In that sector my top picks would be Triveni Engineering and Industries and Balrampur Chini. So I would look at Balrampur Chini going towards Rs 70-75 in the medium term or even higher. I believe the stock has bottomed out and every dip would be a buying opportunity, so the investors can hold on to this stock," he added.