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CARE reaffirms rating of Transformers and Rectifiers (India) Limited

Posted On: 2019-09-05 11:25:41

Credit Analysis and Research Limited (CARE Ratings) has reaffirmed Credit rating for Bank Facilities of Transformers and Rectifiers (India) Limited.

The long term bank facilities rating for an amount of Rs. 40.50 crore rating has been reaffirmed as CARE BBB+; Stable (Triple B Plus; Outlook: Stable).

The short term bank facilities rating for an amount of Rs. 150 crore has been reaffirmed as CARE A3+ (A Three Plus).

The rating of long term / short term bank facilities for an amount of Rs. 925 crore has been reaffirmed as CARE BBB+; Stable / CARE A3+ (Triple B Plus; Outlook: Stable / A Three Plus).

Shares of TRANSFORMERS AND RECTIFIERS (INDIA) LTD. was last trading in BSE at Rs.6.89 as compared to the previous close of Rs. 7.46. The total number of shares traded during the day was 7050 in over 32 trades.

The stock hit an intraday high of Rs. 7.21 and intraday low of 6.89. The net turnover during the day was Rs. 49474.


Source: Equity Bulls

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