The rating for the long-term facilities remains at CARE BBB+ with revision in the outlook from 'Positive' to 'Stable' on account of the proposed large debt funded capex for the expansion plans announced by the Company which is likely to result in moderation of capital structure and impact the cash flows of the company over the medium term. The rating for the short-term facilities are reaffirmed.
Shares of Pitti Engineering Ltd was last trading in BSE at Rs.37.25 as compared to the previous close of Rs. 37.15. The total number of shares traded during the day was 1208 in over 31 trades.
The stock hit an intraday high of Rs. 37.75 and intraday low of 36. The net turnover during the day was Rs. 43989.