Sugar Surge

Ambareesh Baliga of Karvy Stock Broking is of the view that Balrampur Chini Mills has target of Rs 140-150.

Baliga told CNBC-TV18, "For the last three-four months we have been taking a contrarion call on sugar asking people to buy at lower levels, infact, we have been buying and holding onto stocks like Balrampur Chini, which not had that much good move, possibly a 10-15% move from the lows but then we have a target of Rs 140-150 for it and I think this should be achievable over the next six-eight months. Sugar is a decent contrarion buy even at this point of time."