CRISIL reaffirms long term rating of Action Construction Equipment Ltd

CRISIL has reaffirmed its rating on the long term bank facilities of Action Construction Equipment Ltd at 'CRISIL A+/Stable' and upgraded the rating on the Short term bank facility and commercial paper programme at 'CRISIL A1+' from 'CRISIL A1'.

Instruments with this rating arc considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Shares of ACTION CONSTRUCTION EQUIPMENT LTD. was last trading in BSE at Rs.91.7 as compared to the previous close of Rs. 96.5. The total number of shares traded during the day was 25922 in over 460 trades.

The stock hit an intraday high of Rs. 97.55 and intraday low of 90.25. The net turnover during the day was Rs. 2431803.

Source : Equity Bulls

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