Someone is taking advantage of recent seff-off setback of Balchi. He is creating a panic. When all the sugar companies are equally situated, demand and supply-wise, there is no reason for the price of Balchi to go down drastically everyday. It is a willful act of someone to create panic and take advantage of the situation. Do Not fall in this trap. Else the sellers will be losers.
I wish you are right, as I am holding shares of this company.
But the reason why this stock is falling bcos of issue farmers are creating in UP.
Situation in Maharashtra is better, so less worries for Renuka sugar.
| NIFTY 
