ICRA upgrades Credit Rating of Hikal Ltd

ICRA Limited vide its letter dated August 04, 2014 has informed Hikal Ltd that the rating committee of ICRA, after due consideration, has upgraded the rating of the line of credit enjoyed by the Company from BBB - (ICRA triple B minus) to BBB (ICRA triple B) {for long term} and from A3 (ICRA A three) to A2 (ICRA A two) {for short term}.

Shares of HIKAL LTD. was last trading in BSE at Rs.614.55 as compared to the previous close of Rs. 617.35. The total number of shares traded during the day was 1358 in over 331 trades.

The stock hit an intraday high of Rs. 627 and intraday low of 611. The net turnover during the day was Rs. 841521.

Source : Equity Bulls

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