ICRA upgrades rating of Suryalakshmi Cotton Mills Ltd

The rating agency ICRA Limited has upgraded the Long-Term rating to "[ICRA] BB+" (pronounced ICRA double B plus) from [ICRA] BB-(pronounced ICRA double B minus) and also upgraded the short-term rating to "[ICRA] A4+" (pronounced ICRA A four plus) from [ICRA] A4 (pronounced ICRA A four). The ratings have been removed from 'rating watch with negative implications' and Stable outlook was assigned on the long-term rating.

Shares of SURYALAKSHMI COTTON MILLS LTD. was last trading in BSE at Rs.51.3 as compared to the previous close of Rs. 48.9. The total number of shares traded during the day was 9164 in over 44 trades.

The stock hit an intraday high of Rs. 51.3 and intraday low of 50. The net turnover during the day was Rs. 465693.

Source : Equity Bulls

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