Whats happening with Welspun, such a steep downtrend in past few days is unwarranted without any news. Or is it because of the recent AGM where they approved to raise additional 500 Cr debt? But cant be.
In my view, high debt is not bad. In fact it would only enhance Equity returns to the shareholders as long the model is sustainable which it is I believe. Welspun is on a high growth aggressive trajectory and hopefully would multiply further if added at right levels.
Discl: 5% of my portfolio, buying on dips
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