ICRA assigned Credit Rating for Rs.19.00 crore Line of Credit of Mastek Limited

The Rating Committee of ICRA, after due consideration, has upgraded the long-term rating to [ICRA]AA- (pronounced ICRA double A minus) from [ICRA]A+ (pronounced ICRA A plus) and reaffirmed the short-term rating at [ICRA]A1+ (pronounced ICRA A one plus) for the captioned Line of Credit (LOC). The Outlook on the long-term rating is Stable.

Shares of MASTEK LTD. was last trading in BSE at Rs.989.2 as compared to the previous close of Rs. 950.3. The total number of shares traded during the day was 8190 in over 1338 trades.

The stock hit an intraday high of Rs. 1005.4 and intraday low of 952. The net turnover during the day was Rs. 8122324.

Source : Equity Bulls

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