There is news that ADAG group has repaid Rs.35,000 crore of loans in the last month. Can we buy these stocks now?

If you read the news carefully, the ADAG group has not repaid Rs.35,000 crore but they have managed to service the loan to that extent. That could mostly mean paying of overdue interest on loans, which may not be too large. Even if you want to buy any ADAG stock, the question is which stock to buy?

For example, RPOWER is quoting in single digits and has reported a loss of Rs.3500 crore in the fourth quarter. Reliance Infra has problems as it owns 33% stake in RPOWER and has a huge debt burden of its own. RCOM will have to eventually be referred to bankruptcy.

Not sure if this is really a set of stocks you should be considering. The group has total debt of over Rs.100,000 crore and servicing that is not going to be easy with most of the group businesses faltering.