India Ratings & Research Private Limited (Ind-Ra), the credit rating agency has downgraded the rating of Rashtriya Chemicals and Fertilizers Ltd.
The rating of long term - non-convertible debenture (NCD) of Rs. 500 crores has been revised from Ind AA / Stable to Ind AA / Negative due to pressure on cash flows owing to delayed subsidy coupled with weaker operating performance.
Shares of RASHTRIYA CHEMICALS & FERTILIZERS LTD. was last trading in BSE at Rs.49.85 as compared to the previous close of Rs. 49. The total number of shares traded during the day was 177767 in over 874 trades.
The stock hit an intraday high of Rs. 50.7 and intraday low of 49.4. The net turnover during the day was Rs. 8901094.