Welspun Enterprises Limited has received credit rating from CARE Rating as A1+ (highest Short term rating) for short term borrowing and revision of credit rating to A+ Stable Outlook for long term borrowing. This rating considers the current capital structure, liquidity position, oil and gas segment and status of construction industry.
As on January 31, 2020, the short term loan of the Company stands at Rs. 100 crore of Commercial Paper and the outstanding fund based borrowings stand at Rs. 4.89 crore under this rating.
The Company had received AA (SO) Outlook Stable for the proposed long term borrowing from Brickwork Ratings India Private Limited in August, 2019.
Shares of Welspun Enterprises Ltd was last trading in BSE at Rs.80.35 as compared to the previous close of Rs. 78.4. The total number of shares traded during the day was 12013 in over 2351 trades.
The stock hit an intraday high of Rs. 82.75 and intraday low of 78. The net turnover during the day was Rs. 972564. |
Follow @equitybulls