CARE has re-affirmed the issuer rating at [CARE A (Is) (Stable)] pronounced as "Single A" (Issuer Rating); Outlook Stable.
The reaffirmation of rating of AHL continues to factor in the experience of the promoters, its vintage of operation for several decades and project execution capabilities. The rating factors in the significant increase in project launches in FY19 and QMFY20 which was met with affirmative demand as evidenced from robust booking and uptick in average realization. The rating takes into account the comfortable financial risk profile characterized by comfortable gearing and coverage metrics. The rating, however, is constrained due to the execution risk for ongoing projects, lower expected project deliveries in medium term and subdued demand scenario in the real estate sector.
Shares of ASHIANA HOUSING LTD. was last trading in BSE at Rs.49.5 as compared to the previous close of Rs. 50.7. The total number of shares traded during the day was 9654 in over 215 trades.
The stock hit an intraday high of Rs. 54 and intraday low of 49.3. The net turnover during the day was Rs. 486439.