I see that the current market conditions are not good for either stocks. I am not following them closely as of now.
Regarding rain, I was invested in it earlier but once they raised debt at 10 percent interest rate in us dollar terms (and market conditions weren’t good), I exited it. It’s a very high interest rate to pay and it’s interest expenses are about 1000 cr per year.
Both should do good once the market cycle reverts for them but I have no visibility regarding it. (Market cap to sales is quite cheap for rain(but high debt) and decent for hil, considering its debt free)
As of now, I am mostly invested in banking sector. Paper industry seems good, but cycle is on downside so again very risky, not invested in it.
| Subscribe To Our Free Newsletter |
