Top Stocks which are interest proof
In the current High Interest rate environment, the interest expenses will be higher for high debt companies and therefore lower profits.
There is inverse correlation between interest rates and corporate profits.
So, investors can focus on companies which have very low / nil debt.
The list of companies with low debt equity ratios and the returns these have generated over the past decade is as under:
ITC
Infosys
NMDC
Oracle Financial
Colgate
Container Corp
Cummins
CRISIL
Bharat Electro
Hindustan Copper
Engineers India
Marico
Dr Reddys
Wipro
Torrent Pharma
Mphasis
Thermax
Tata Communication
Feel free to comment below, if you hold other good stocks.....