Debt is going to be a drag on Deccan Chronicle: Angel Broking

In a chat with ET Now, Rajen Shah, Chief Investment Officer, Angel Broking, shares his views on Deccan Chronicle.

ET Now: Just a quick word really on Deccan Chronicle?

Rajen Shah: There is a huge debt of about 3000-3500 crore on its balance sheet, so that is going to be a big drag but if you see the market cap, it has come down by almost 95%. We need to keep in mind that it is a very solid brunt and number one paper in the Andhra Pradesh. So if somebody takes it over then probably there could be some excitement in the counter but with such a huge debt taking a call would be little difficult.