ICRA upgrades rating of Thangamayil Jewellery Limited

ICRA has reviewed our credit ratings based on the latest developments and accordingly have upgraded the ratings of Thangamayil Jewellery Limited as follows:

For Working capital facility of Fund Based Limits from banks:

- For Long Term Rs.300.00 Crs. bank limits - ICRA A- (pronounced ICRA A minus) upgraded from ICRA BBB+ (pronounced ICRA triple B plus).

- For Short Term ICRA A2+ (pronounced ICRA A two plus) upgraded from ICRA A2 (Pronounced ICRA A two)

For Fixed Deposit Programme of Rs. 77.00 Crs. MA+ (pronounced MA plus) upgraded from MA- (Pronounced MA minus).

Shares of Thangamayil Jewellery Ltd was last trading in BSE at Rs.599 as compared to the previous close of Rs. 602.85. The total number of shares traded during the day was 1503 in over 237 trades.

The stock hit an intraday high of Rs. 610.15 and intraday low of 591.8. The net turnover during the day was Rs. 905089.

Source : Equity Bulls

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