CARE upgrades credit rating of Indo Count Industries Limited

CARE Ratings ("Rating Agency") vide its intimation / press release dated September 7, 2021, has upgraded credit rating for the Company's short term bank facilities and reaffirmed credit rating for the Long-term facilities as under:

a) For the short term bank facilities - Revised from "CARE A1 (A one)" to "CARE A1+" (A one plus). The said credit rating signifies very strong degree of safety regarding timely payment of financial obligations. Such facilities carry lowest credit risk.

b) For long term bank facilities - CARE A+ (Single A Plus) reaffirmed with outlook revised to "Positive" from "Stable". The said credit rating signifies adequate degree of safety regarding timely servicing of financial obligations. Such facilities carry low credit risk.

Shares of Indo Count Industries Ltd was last trading in BSE at Rs. 266.15 as compared to the previous close of Rs. 271.25. The total number of shares traded during the day was 39631 in over 1447 trades.

The stock hit an intraday high of Rs. 277.05 and intraday low of 264.3. The net turnover during the day was Rs. 10750304.

Source : Equity Bulls

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