Not much upside seen in ADAG group: CK Narayan

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors, shares his views on ADAG pack.

ET Now: What is your call on ADAG pack?

CK Narayan: If you look at the Reliance ADAG pack in particular you will find that they are just gainers today by about a 0.75% or 0.50% which is not really anything much. So may be they buy the rumour. Sell the news is probably going on here and people are actually taking profits and their positions on the ADAG Group which would be sensible and actually the prudent thing to do.

So I do believe that is a kind of action which is going on and there may not really be too much upside room left in this ADAG pack as such because they have all exhausted themselves on the upside with significant moves.

So may be we should try and search out other greener areas where some amount of upside could be left even now.