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We are in a buy-on-pullbacks rather than sell-on-rallies market but avoid sugar stocks: Sandip Sabharwal
“Eventually, there will be a rethink on Govt’s latest ethanol directive, and to that extent, the stronger sugar companies will come back because otherwise many of the companies will go into deep losses. They will not be able to pay farmers and the entire equation for the government will also go for a toss. So wait and watch.”