In an interaction with ET Now, Prakash Diwan, Altamount Capital shares his views on the sugar space. ET Now: What is your call on the sugar space? Prakash Diwan: This is one sector that is so under owned, and if you notice this is not a single stock from sugar that is in the F&O anymore, which tells you there was a time when there were five of them. So over a period of time they have lost that place under the sun, and in terms of interest levels, speculative interest, whatever you call it. It is extremely sensitive to regulatory changes so that is oil and gas used to be about two years sugar continues to be like that.
ET Now: But the point is that you have seen these kind of sporadic rallies anytime there is some talk of, so do you think this is different.