CARE revises rating of PNC Bareilly Nainital Highways Private Limited

Care Ratings Limited has revised credit rating on the bank facilities of PNC Infratech Limited's Subsidiary, PNC Bareilly Nainital Highways Private Limited.

The rating on Long-Term Bank Facilities of Rs. 330.25 crore (Reduced from Rs. 415.38 crore) has been revised from CARE BBB; Stable (Triple B; Outlook: Stable) to CARE BBB+; Stable (Triple B Plus; Outlook: Stable).

Shares of PNC Infratech Ltd was last trading in BSE at Rs.257.3 as compared to the previous close of Rs. 257.4. The total number of shares traded during the day was 62034 in over 1061 trades.

The stock hit an intraday high of Rs. 262.6 and intraday low of 254.3. The net turnover during the day was Rs. 15935825.

Source : Equity Bulls

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