CARE Ratings Limited has assigned the ratings for banking facilities of Pitti Engineering Ltd based on the performance for FY19 and Q1 FY20.
The rating on Long term Bank facilities of Rs. 253.58 crore (enhanced from Rs. 191.85 crs) has been reaffirmed as CARE BBB+; Positive [Triple B Plus; Outlook: Positive]
The rating on Short term Bank facilities of Rs. 149.50 crore (reduced from Rs. 166.14 crs) has been reaffirmed as CARE A2 [A Two].
The rating on long / short term bank facilities of Rs. 10.50 crore has been assigned CARE BBB+ ; Positive / CARE A2 [Triple B Plus; Outlook: Positive / A Two]
Shares of Pitti Engineering Ltd was last trading in BSE at Rs.38.25 as compared to the previous close of Rs. 38.2. The total number of shares traded during the day was 449 in over 3 trades.
The stock hit an intraday high of Rs. 38.7 and intraday low of 38.1. The net turnover during the day was Rs. 17196.