ICRA reaffirms ratings for Rs. 165.32 crore bank lines of Rane Brake Lining Limited

The Rating Committee of ICRA, after due consideration, has reaffirmed the long-term rating for the Rs. 165.32 crore bank lines of Rane Brake Lining Limited at [ICRA]AA- (pronounced ICRA double A minus). The outlook on the long-term rating is stable. The Rating Committee of ICRA has also reaffirmed the short-term rating at [ICRA]A1+ (pronounced ICRA A one plus). The aforesaid ratings will be due for surveillance any time before December 31, 2021.

Shares of RANE BRAKE LINING LTD. was last trading in BSE at Rs.768.7 as compared to the previous close of Rs. 774.45. The total number of shares traded during the day was 48 in over 34 trades.

The stock hit an intraday high of Rs. 790.25 and intraday low of 765.1. The net turnover during the day was Rs. 37121.

Source : Equity Bulls

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