Vijay Chopra of enochventures.com told CNBC-TV18, "In Balrampur Chini Mills I think there was a stoploss of Rs 97 and one should hold on to it. I think there is a correction which has happened in the entire sugar space and there are green shoots of revival. If you look at Mawana Sugars, if you look at Balrampur Chini and other players in this sugar market."
"There is a good possibility that we will see a bounce back in sugar space. The government is also trying to help out all the manufacturers by putting duties on import. I think one should hold on to the stock with a clear stoploss of Rs 97 probability is that one can see Rs 170-180 levels again," he added.
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