Jai Bala positive on Cipla

Jai Bala of 1857 Advisors told CNBC-TV18, "Sugar sector as such I don’t think it is a turnaround. What we are seeing is probably a reflex rally. This could continue for a couple of weeks but I don’t think the final bottom is in for the sugar stocks. Looking at other sectors I am still positive on the pharmaceutical names.""The pharma Index is almost near the record highs, BSE healthcare Index is almost near the record highs. Lupin has come near record highs. Continue to be positive on Cipla within the space. We had projected record highs for Dr Reddy's Laboratories, and it is continuing to do well, so pharma names I am still positive on it. However, stick to the frontline pharma barring Sun Pharmaceutical," he added.