CARE updates on rating of Laurus Labs Limited

Laurus Labs Limited has on March 23, 2021 received the credit rating letter from M/s. CARE Ratings Ltd. (Credit Rating Agency) stating the revision in the credit rating of the Company to "CARE AA-; Positive" (Double A Minus, Outlook: Positive)" from "CARE AA-; Stable" (Double A Minus, Outlook: Stable)" for its long term banking facilities.

This revised rating is the up gradation of the "Rating Outlook" from 'Stable' to 'Positive'.

Shares of Laurus Labs Ltd was last trading in BSE at Rs.356 as compared to the previous close of Rs. 361.1. The total number of shares traded during the day was 95414 in over 1774 trades.

The stock hit an intraday high of Rs. 364.8 and intraday low of 355. The net turnover during the day was Rs. 34308879.

Source : Equity Bulls

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