Would not buy Aban Offshore: Avinash Gorakshekar, Anagram Capital Ltd

ET now spoke to Avinash Gorakshekar, Head Of Research, Anagram Capital Ltd., on his view on Aban Offshore.

What about Aban Offshore?

I would not buy into Aban Offshore as it is still a fairly highly leveraged company. Whenever the markets go into a correction mode, it is safer to be into companies which are more or less light on the debt side and probably are cash rich company. So this company, I would suggest, is high beta.