High D/E ratio makes UPL difficult to buy even at 530. Market never spare such high debt company in bear market. I am still figuring what is the attractive price to buy this heavy debt ridden company. One thing which comes in my mind is to buy close to its book value. but UPL has never gone below P/B below 1.5 in the past which is now the present value.
Disclaimer: Tracking with uncertainity in mind. Not holding. @rranjan @Amit_Jain3
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