“The sugar sector is reasonably well-placed. I would think that it should perform and there should be at least 20-30% upside across the board in the sugar sector because it has not participated at all in the entire mid-cap rally. Paints is a sector where valuations of the companies are still very high. I would think that investors should shun this sector at this stage, let the shakeout happen and look at it 18 to 24 months down the line.”