Stay invested in Shree Renuka Sugars: Agarwal

Rajesh Agarwal, Head of Research of Eastern Financiers told CNBC-TV18, " Shree Renuka Sugars is in a better position because of its presence not only in India but also in Brazil. With its huge refining capacity, huge crushing capacity and the kind of valuation it is available at, I don't think that there is anymore negatives left to be discounted in this stock."

"Best stocks in this sector, if somebody wants to be in sugar, would be Shree Renuka Sugars and Balrampur Chini . However, it would take a lot of time, maybe six to seven quarters to actually show some kind of returns. If one is ready to stay in the stock for one to one and half years, one can carry on holding to the stock," he said.

Also Read: Shree Renuka to start sugar exports from Haldia unit

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