ICRA-assigned Credit Rating for Rs. 93.88 crore Bank Facilities of Sayaji Hotels Limited

The Rating Committee of ICRA, after due consideration, has revised the long-term rating to [ICRA] BBB- (pronounced ICRA triple B minus) ("Rating"). The outlook on the long-term rating is revised to Stable.

Instruments with [ICRA] BBB rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. Within the category, rating modifier {"+" (plus) or "-" (minus)} can be used with the rating symbols. The modifier reflects the relative standing within the category concerned.

Shares of SAYAJI HOTELS LTD. was last trading in BSE at Rs.231 as compared to the previous close of Rs. 238.25. The total number of shares traded during the day was 1695 in over 61 trades.

The stock hit an intraday high of Rs. 239.8 and intraday low of 227.25. The net turnover during the day was Rs. 401219.

Source : Equity Bulls

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