Today , after the UP Poll outcome all stocks from sugar sector reacted sharply down.I feels this is only an over reaction.Long term investors should take it as an opportunity to buy if there is any further correction.Even without de-control ,the risk reward ratio on a two year time frame justifying an investment in sugar stocks at current level. Moreover I don't think anything negative has happened to this sector due to the victory of SP in UP and really it may be positive on many grounds. Since the market volatility is high due to the upcoming important events like RBI policy ,Budget ..etc , one may adopt a strategy to buy it in different lots.
Tuesday, 6 March 2012
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