Samvat 2077: Looking at companies with cheap and manageable debt on their books, says Madhu Kela

The last year had been quite good for equity markets, but in general it was bad for many people. But how will the next year be for markets?

Market Veteran Madhu Kela said he is looking at companies with cheap and manageable debt on their books.

“Where the interest rates are, it has become very fashionable to talk about debt free companies and debt free individuals. In fact I am now looking for companies which have reasonable amount of debt. So if we don’t get into too much of macro analysis, I am extremely positive on select companies which are midcap, which have been neglected, which have seen prices much more damaged than we would have normally seen because of COVID,” he said.