Cox & Kings cracked 30 per cent and Sadbhav Infra tanked 4 per cent in the last one week. (See chart)Analysts said unbearable debt and cash flow stresses have not propped up overnight. Post the IL&FS saga, the market resorted to credit rationing and started recalculating risks, including that of share pledges. Of them, 12 papers were downgraded to to ‘default’ grade.Full-year data available for ICRA suggests credit quality pressures on India Inc. But it is unlikely to resolve overnight,” Sinha said.Here is a list of stocks prepared by Systematix Shares and Stocks, where debt levels are quite high:

Source: Economic Times July 03, 2019 05:48 UTC