ICRA reaffirms long term rating of Dwarikesh Sugar Industries Ltd

ICRA Limited - the credit rating agency has vide its letter dated April 01, 2021, received & accepted on April 1, 2021, has reaffirmed the long term rating for the Bank facilities amounting to Rs. 1029.99 crores at "[ICRA] A+(Stable)" (pronounced ICRA A plus Stable) with outlook continuing to remain Stable.

ICRA Limited - the credit rating agency has also vide its letter dated April 01, 2021, received & accepted on April 1, 2021, has reaffirmed the rating for the Commercial Papers amounting to Rs.300 crores as "[ICRA]A1+" (pronounced ICRA A one plus) indicating very strong degree of safety regarding timely payment of financial obligations. Such instruments carries lowest credit risk.

Shares of DWARIKESH SUGAR INDUSTRIES LTD. was last trading in BSE at Rs.31.6 as compared to the previous close of Rs. 30.8. The total number of shares traded during the day was 67778 in over 190 trades.

The stock hit an intraday high of Rs. 31.85 and intraday low of 31.05. The net turnover during the day was Rs. 2136568.

Source : Equity Bulls

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