Hold Balrampur Chini Mills, says Ashish Kyal

Ashish Kyal of wavesstrategy.com told CNBC-TV18, "The overall trend for sugar stocks have been up over past few months, but if you look at the entire structure since 2010, Balrampur Chini Mills has been all over the place. It has even touched Rs 115. Then came down to Rs 35, then again revved back to Rs 85. So, it has been all over the place. So, what I would suggest is keep following the trailing stoploss method.""I would suggest that you hold on to the stock. Keep a stoploss of Rs 80 and ride the trend and near Rs 115-120, book some profit and get out of it," he added.