Hold Balrampur Chini Mills, says Ashu Madan

Ashu Madan of Religare Securities told CNBC-TV18, "I think probably in all this onslaught and the bloodbath in the market, last couple of weeks or probably more than a month, in couple of months the sugar is the only sector which we are recently positive about, after four or five years, many years, is sugar sector and probably Balrampur Chini is the stock to hold.""We are positive on sugar, one of the bright spot or silver-lining in this kind of a market. I see that if somebody holds for a medium to long-term or medium to short-term also, would definitely gain. So, I think sugar is one sector which will certainly as of now outperform the market," he said.