ICRA reaffirms long-term rating of UFO Moviez India Limited

ICRA vide its letter dated January 07, 2021 has communicated that its Rating Committee, has reaffirmed the long-term rating outstanding of [ICRA]A+ (pronounced ICRA A plus) for the line of credit of Rs. 182.3 crore bank limits of UFO Moviez India Limited and revised the outlook to Negative from Stable. As per ICRA, the revision in outlook on the long-term rating of the Company factors in the significant disruption to its operations caused by the Covid-19 pandemic and delayed recovery in operations.

The short-term rating for the Company's line of credit continues to remain outstanding at [ICRA]A1 (pronounced ICRA A one).

Shares of UFO Moviez India Ltd was last trading in BSE at Rs.91.6 as compared to the previous close of Rs. 90.3. The total number of shares traded during the day was 66085 in over 790 trades.

The stock hit an intraday high of Rs. 93.8 and intraday low of 89.45. The net turnover during the day was Rs. 6041956.

Source : Equity Bulls

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