Avoid ADAG stocks: Sudip Bandyopadhyay, Destimoney Securities

In a chat with ET Now, Sudip Bandyopadhyay, MD & CEO, Destimoney Securities Pvt. Ltd., gives his views on ADAG stocks


The broader market is probably hurt the most in the last two days. What do you do with ADAG stocks?

The market is not at all looking good. A combination of factors like RBI policy, the political and the Cyprus overhang is making high beta stocks showing a clear down trend. ADAG is a high beta bunch of stocks and in this kind of market, it will be under pressure. Even otherwise I would not recommend investors to get into ADAG stocks at this point in time or even in the next 5-10 days when the market expected to remain volatile. As far as long term is concerned, Reliance Infra at lower levels may be worth picking up, Reliance Communication also at lower levels may be worth picking up but it is not the right time now to look at these.