ICRA downgrades rating outlook of Sterling Tools Ltd as negative

ICRA Limited ("ICRA"), the credit rating agency has reaffirmed the Long-Term as well as Short Term Credit Ratings of Sterling Tools Limited.

ICRA Limited has reaffirmed the Long-Term rating as {ICRA} AA-, but revised the outlook from Stable to Negative following the impact of Covid-19 outbreak.

ICRA Limited has reaffirmed the Short-Term rating as {ICRA} A1+.

Shares of STERLING TOOLS LTD. was last trading in BSE at Rs.120 as compared to the previous close of Rs. 122.75. The total number of shares traded during the day was 2579 in over 44 trades.

The stock hit an intraday high of Rs. 121.1 and intraday low of 110.2. The net turnover during the day was Rs. 289979.

Source : Equity Bulls

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