Ind-Ra upgrades ratings of Polyplex Corporation Limited

India Ratings and Research Private Limited (Ind-Ra) has upgraded Polyplex Corporation Limited's Rating as follow:

- Long-term loans for INR 1.50 Billion - "IND AA-/Stable", upgraded;

- Fund-based working capital limits (Long-term and Short term) for INR 2.02 Billion - "IND AA-/Stable/IND A 1+", Long-term rating upgraded; short-term rating affirmed;

- Non Fund- based working capital limits (Long-term and Short term) for INR 0.30 Billion - "INO AA-/StablellND A1+", Long-term rating upgraded; short-term rating affirmed.

Shares of POLYPLEX CORPORATION LTD. was last trading in BSE at Rs.762.5 as compared to the previous close of Rs. 774.6. The total number of shares traded during the day was 1555 in over 296 trades.

The stock hit an intraday high of Rs. 782.9 and intraday low of 760.15. The net turnover during the day was Rs. 1196115.

Source : Equity Bulls

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