India Ratings and Research Pvt. Ltd., (credit rating agency) has on 27th March 2020 reaffirmed the Long-Term Issuer Rating of HeidelbergCement India Limited as "Ind AA+" (with stable outlook). The credit rating in respect of 10.4% NonConvertible Debentures has also been reaffirmed as "Ind AA+" (with stable outlook).
Ind-Ra continues to factor in strong support from the company's ultimate parent,HeidelbergCement AG(HCAG, Fitch Ratings Ltd Issuer DefaultRatings: 'BBB-'/Stable),while arriving at the rating, owing to the strong strategic, operational and legal linkages between the entities.
Shares of HEIDELBERGCEMENT INDIA LTD. was last trading in BSE at Rs.142 as compared to the previous close of Rs. 148.95. The total number of shares traded during the day was 23049 in over 774 trades.
The stock hit an intraday high of Rs. 152.6 and intraday low of 140.65. The net turnover during the day was Rs. 3350821.