Shrikant Shetty, independent market analyst and Neera Jain, chief technical analyst with crnindia.com feel that sugar company Bajaj Hindustan is a stock to hold if purchased at levels around Rs 25 a share. According to Mr Shetty, if the government goes ahead with sugar decontrol, then it could lead to rerating of the entire sector. However, Ms Jain says that if the stock closes below Rs 22 for more than a couple of days, investors should sell the stock.
