ICRA assigns Issuer Rating to Amber Enterprises India Limited

The Rating Committee of ICRA, has assigned a long-term rating of [ICRA]AA- (pronounced ICRA double A minus) ("Rating") to Amber Enterprises India Limited ("Amber"). The Outlook on the long-term rating is "Stable". It reflects ICRA's expectation that despite the adverse impact of Covid-19 in the near-term, Amber is expected to maintain a strong credit profile, supported by its resilient business profile, low external borrowings, comfortable capital structure and healthy liquidity position.

Shares of Amber Enterprises India Ltd was last trading in BSE at Rs.2783 as compared to the previous close of Rs. 2721.2. The total number of shares traded during the day was 6831 in over 1487 trades.

The stock hit an intraday high of Rs. 2787.95 and intraday low of 2723.05. The net turnover during the day was Rs. 18870863.

Source : Equity Bulls

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