Rajshree Sugars a good short term bet: Irani
Mehraboon Irani, Senior VP-Equity, Centrum Broking is of the view that Rajshree Sugars at valuations looks attractive for a good short-term bet.
Irani told CNBC-TV18, “After staying with Dhampur Sugar I have moved on to another sugar stock and all sugar stocks are going up. I have identified one more sugar stock which according to me holds a lot of value and that is Rajshree Sugar & Chemicals. I think promoters have increased their stake from 35% to around 38.5% last year. There was a sharp turnaround in the performance of the company. Largely to do with the cycle of the sugar industry and I am very positive on the cycle as far the sugar cycle goes.”
source: Moneycontrol
Tags: buy or sell sugar stocks, Mehraboon Irani, Rajshree Sugars, short term tips, stocks in sugar sector
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