Stake Sale

CRISIL reaffirms rating of TBZ

Posted On : 2019-11-25 09:38:17( TIMEZONE : IST )

CRISIL reaffirms rating of TBZ

CRISIL has reviewed and reaffirmed its rating on the bank facilities (Rs. Rs. 735 Crores) of Tribhovandas Bhimji Zaveri Limited (TBZ) as 'CRISIL BBB+ / Stable'.

The rating continues to reflect TBZ's established market position with a strong brand, experienced management, and moderate financial risk profile marked by healthy net worth. These strengths are partially offset by TBZ's exposure to intense competition in the jewellery industry and large working capital requirements to fund its inventory.

Shares of TRIBHOVANDAS BHIMJI ZAVERI LTD. was last trading in BSE at Rs.37.75 as compared to the previous close of Rs. 37.85. The total number of shares traded during the day was 21234 in over 380 trades.

The stock hit an intraday high of Rs. 38.15 and intraday low of 36.8. The net turnover during the day was Rs. 797965.

Source : Equity Bulls