Price action inline, volatility in Adani Group of stocks: Ashu Madan, Religare Securities

In a chat with ET Now, Ashu Madan, COO, Religare Securities, shares his views on Adani Group. Excerpts:

ET Now: What does the price action of the Adani Group of stocks indicate?

Ashu Madan: The price action is inline with the market and overall it is a broader trend that we have seen in the market. There is some kind of volatility , but at higher levels I would not be a buyer in those stocks.