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ICRA reaffirms longterm rating of BEML Limited

Posted On: 2020-11-23 01:50:12 (Time Zone: Arizona, USA)


The Rating Committee of ICRA, after due consideration, has reaffirmed the longterm rating of [ICRA]A+ (pronounced ICRA A plus) outstanding on the aforementioned LOC of BEML Limited. The Outlook on the long-term rating continues to be Negative. The rating committee has also reaffirmed the shortterm rating of [ICRA]A1+ (pronounced ICRA A one plus) outstanding on the aforementioned LOC of your company. The Rating Committee of ICRA has also after due consideration, has reaffirmed the short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) outstanding on the Rs. 400 crore Commercial Paper programme of the company. The Rating Committee of ICRA has also after due consideration, has reaffirmed the long-term rating of [ICRA]A+ (pronounced ICRA A plus) outstanding on the Rs. 200 crore (reduced from Rs. 300 crore) NCD programme of the company.

Shares of BEML LTD. was last trading in BSE at Rs.655.3 as compared to the previous close of Rs. 654.25. The total number of shares traded during the day was 13643 in over 771 trades.

The stock hit an intraday high of Rs. 670.45 and intraday low of 651.85. The net turnover during the day was Rs. 9023352.


Source: Equity Bulls

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