ICRA revised Credit Rating of Rs. 400 crore Line of Credit of Phillips Carbon Black Limited

ICRA Limited has announced with reference to the line of credit of Phillips Carbon Black Limited. The Rating Committee of ICRA, after due consideration, has revised the long-term rating from [ICRA] AA- (pronounced ICRA double A minus) to [ICRA] AA (pronounced ICRA double A) ("Rating"). The outlook on the long-term rating is Stable.

Shares of PHILLIPS CARBON BLACK LTD. was last trading in BSE at Rs.192.85 as compared to the previous close of Rs. 199. The total number of shares traded during the day was 21727 in over 432 trades.

The stock hit an intraday high of Rs. 199.25 and intraday low of 192. The net turnover during the day was Rs. 4246757.

Source : Equity Bulls

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