Ind-Ra assigns long term issuer rating of IND A for LT Foods Ltd

India Ratings and Research (Ind-Ra) has assigned LT Foods Limited a Long-Term Issuer Rating of 'IND A'. The Outlook is Positive.

The Positive Outlook reflects Ind-Ra's expectation of a sustained improvement in LT Foods' financial profile, resulting from an increase in the EBITDA and a stable working capital cycle, translating into lower debt levels. Key Rating drivers are Strong Market Position, Geographical Diversification, Strong Distribution Network, Growing Product Diversification, Procurement Track Record, Established Brand Cushions Impact of Raw Material Price Fluctuations, Strong Performance in 1HFY21 Despite Impact of COVID-19, Comfortable Credit Metrics and Adequate Liquidity Indicator.

Shares of LT FOODS LTD. was last trading in BSE at Rs.54.5 as compared to the previous close of Rs. 50.95. The total number of shares traded during the day was 149993 in over 1406 trades.

The stock hit an intraday high of Rs. 54.5 and intraday low of 51. The net turnover during the day was Rs. 7950937.

Source : Equity Bulls

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