Acuité has reaffirmed long-term rating of 'ACUITE C' (read as ACUITE C) and short term rating of 'ACUITE A4' (read as ACUITE A four) to the Rs.34.48 crore bank facilities of Permanent Magnets LIMITED (PML). The outlook is 'Stable'.
Acuité expects that the company to benefit from its established market presence and healthy relationship with customers and suppliers in the long run.
Acuité expects that PML will have continue to have healthy financial risk profile in absence of significant debt funded capex while maintaining its profitability margins.
Shares of PERMANENT MAGNETS LTD. was last trading in BSE at Rs.160.25 as compared to the previous close of Rs. 163.2. The total number of shares traded during the day was 366 in over 25 trades.
The stock hit an intraday high of Rs. 167.7 and intraday low of 158.05. The net turnover during the day was Rs. 59692.