Gujral told CNBC-TV18, "RNRL is probably the worst of ADAG stock, so momentum would take all of these stocks higher but I don't think they will suddenly start out performing and start making new highs. RNRL from Rs 40, it can go up to levels of Rs 50 but not much more than that."
He further added, "You would probably try to play a something like Reliance Capital which is now kind of getting out of those Rs 700-850 zone and maybe with all the financials, slowly it can move to levels of an Rs 1000. But you won't back ADAG even after yesterday's move."
