CARE upgrades ratings of KEI Industries Ltd

CARE Ratings Limited has upgraded the rating assigned to Long Term Bank Facilities availed by KEI Industries Ltd as CARE A+; Stable (pronounced Single A Plus; Outlook: Stable). Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. CARE Ratings Limited has also reaffirmed the rating assigned to Short Term Bank Facilities and Commercial Paper as CARE Al (pronounced CARE A One). Instruments / Facilities with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments/facilities carry lowest credit risk.

Further, CARE Ratings Limited has upgraded the rating assigned to Long Term - Medium Term Instrument i.e. Fixed Deposits of the Company as CARE A+ (FD); Stable (pronounced Single A Plus (Fixed Deposit); Outlook: Stable). Instrument with this rating are considered to have adequate credit quality rating. Such instruments / facilities carry average credit risk.

Shares of KEI INDUSTRIES LTD. was last trading in BSE at Rs.358.65 as compared to the previous close of Rs. 358. The total number of shares traded during the day was 12439 in over 1047 trades.

The stock hit an intraday high of Rs. 362.95 and intraday low of 354.2. The net turnover during the day was Rs. 4476556.

Source : Equity Bulls

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