ADAG stocks will remain flattish for the foreseeable future: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about ADAG stocks.

What is the call on ADAG Group stocks?

Stocks generally can only fall to zero. So at some point, they will slow down the speed of going down but it is way too early to say that they are bottoming out right now. It will take many months for these stocks to bottom out. So just they need to be left alone now.

I do not think there is much juice on the downside. Probably there are other stocks which are more richly valued like autos, etc. which provide you the downside now. ADAG will remain flattish for the foreseeable future.