Stock Tip of the Day

Sugar stocks have seen a good weak so far. According to latest news the EGoM is most likely to approve extra export of 10 lac tonnes of sugar and take the talks of sugar decontrol further. The export announcement is expected within a weak's time. Hence the rally in sugar stocks is expected to continue for another weak. Sugar stocks took a severe beating after the dismal results in the last quarter, hence it is good time to make short term profit in these stocks. Recommended stocks are Dhampur Chini and Shree Renuka Sugar.