Hold Shree Renuka Sugars, says Kunal Bothra

Kunal Bothra of LKP told CNBC-TV18, "Shree Renuka Sugars looks strong. It has been doing pretty well for the last couple of months. On a weekly basis of around Rs 19.5 or Rs 20 it has been holding on pretty well."

"It is just consolidating as of now. So probably a couple of percentage points up from here, Rs 22-22.5 is where the first resistance lies for Renuka. I would ask the investors to hold on. I think Rs 33-30 is the range where we should look at to book profits in it," he said.