ICRA downgrades rating of Indian Terrain Fashions Ltd

The Rating Committee of ICRA, after due consideration, has downgraded the long-term rating for the captioned Line of Credit (LOC) to [ICRA]BBB+ (pronounced ICRA triple B plus)† from [ICRA]A- (pronounced ICRA A minus). The Rating Committee of ICRA has also downgraded the short-term rating for the captioned LOC to [ICRA]A2 (pronounced ICRA A two) from [ICRA]A2+ (pronounced ICRA A two plus). The Outlook on the long-term rating is Negative.

Shares of INDIAN TERRAIN FASHIONS LTD. was last trading in BSE at Rs.28.9 as compared to the previous close of Rs. 29.4. The total number of shares traded during the day was 30747 in over 220 trades.

The stock hit an intraday high of Rs. 29.3 and intraday low of 28.75. The net turnover during the day was Rs. 890589.

Source : Equity Bulls

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