CRISIL Ltd upgrades Escorts' long-term rating by one notch

CRISIL Limited (CRISIL) has upgraded Escorts Limited's long-term rating by one notch from "CRISIL AA-" to "CRISIL AA" with revision in outlook from "Positive" to "Stable". CRISL has also reaffirmed our short term rating to "CRISIL A1+" and Commercial Paper rating at "CRISIL A1+".

Total Bank Loan Facilities Rated - Rs.1000 Crore
Long Term Rating - CRISIL AA/Stable (Upgraded from 'CRISIL AA- / Positive' and outlook revised to 'Stable')
Short Term Rating - CRISIL A1+ (Reaffirmed)
Rs.100 Crore Commercial Paper - CRISIL A1+ (Reaffirmed)

Shares of ESCORTS LTD. was last trading in BSE at Rs.1378.6 as compared to the previous close of Rs. 1377.95. The total number of shares traded during the day was 45707 in over 2244 trades.

The stock hit an intraday high of Rs. 1404.15 and intraday low of 1363.3. The net turnover during the day was Rs. 63254515.

Source : Equity Bulls

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