ICRA upgrades line of credit rating of IFGL Refractories Ltd

ICRA Limited (ICRA) have upgraded Credit Rating assigned for Rs. 173.00 crores Line of Credit of IFGL Refractories Ltd.

Based on a review of the latest developments, 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). The outlook on the long-term rating is 'Stable'. The short-term rating for the captioned LOC has been reaffirmed at [ICRA]A1+ (pronounced ICRA A one plus).

Shares of IFGL Refractories Ltd was last trading in BSE at Rs.245.9 as compared to the previous close of Rs. 244.1. The total number of shares traded during the day was 30093 in over 1819 trades.

The stock hit an intraday high of Rs. 266.9 and intraday low of 236.1. The net turnover during the day was Rs. 7694125.

Source : Equity Bulls

Keywords