ICRA assigns Credit Rating for Rs. 50 crore Line of Credit of ZF Steering Gear India Limited

Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has retained the long-term rating at [ICRA]A+ (pronounced ICRA A plus). The Rating Committee of ICRA, after due consideration has also retained the Short-term rating at [ICRA]A1+ (pronounced ICRA A one plus). Outlook on the long-term rating has been revised from Negative to Stable.

Shares of Z.F.STEERING GEAR (INDIA) LTD. was last trading in BSE at Rs.400 as compared to the previous close of Rs. 403.85. The total number of shares traded during the day was 2440 in over 55 trades.

The stock hit an intraday high of Rs. 412.95 and intraday low of 396.5. The net turnover during the day was Rs. 975987.

Source : Equity Bulls

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