ICRA Limited has re-affirmed the long-term rating of Line of credit at [ICRA] A+ (pronounced ICRA A plus) and Short Term rating at [ICRA] A1+ (pronounced ICRA A one plus) assigned to the fund based limits and non-fund based limits of Deepak Nitrite Limited (DNL). The outlook on the long-term rating has been revised from Stable to Positive.
ICRA has also re-affirmed the rating at [ICRA] A1+ (pronounced ICRA A one plus) assigned to the Commercial Paper programme of DNL.
Further, ICRA Limited has upgraded long term rating from [ICRA] BBB (pronounced ICRA triple B) to [ICRA] A- (pronounced ICRA A minus) and the short-term rating from [ICRA] A3+ (pronounced ICRA A three plus) to [ICRA] A2+ (pronounced ICRA A two plus) to Deepak Phenolics Limited, Wholly owned subsidiary of DNL.
Shares of DEEPAK NITRITE LTD. was last trading in BSE at Rs.267.7 as compared to the previous close of Rs. 266.2. The total number of shares traded during the day was 38310 in over 617 trades.
The stock hit an intraday high of Rs. 271 and intraday low of 261.25. The net turnover during the day was Rs. 10235281.