ICRA Credit Rating for Rs 500 Crore bank facilities of Ramco Industries Limited

The Rating Committee (RC) of ICRA, after due consideration of the latest developments in Ramco Industries Limited, has reaffirmed the long-term rating at [ICRA]AA- (pronounced as ICRA double A minus). The outlook on the long-term rating is 'Stable'. RC has also reaffirmed the short term rating at [ICRA]A1+ (pronounced as ICRA A one plus).

Shares of RAMCO INDUSTRIES LTD. was last trading in BSE at Rs.169.05 as compared to the previous close of Rs. 171.85. The total number of shares traded during the day was 890 in over 133 trades.

The stock hit an intraday high of Rs. 171.25 and intraday low of 165.95. The net turnover during the day was Rs. 150235.

Source : Equity Bulls

Keywords