ICRA-assigned Credit Rating for Rs. 103.02 crore Line of Credit of Shalby Limited

The Rating Committee of ICRA, after due consideration, has upgraded the long-term rating to [ICRA]A+ (pronounced ICRA A plus) from [ICRA]A (pronounced ICRA A). The outlook on the long-term is Stable. Instruments with this rating indicate to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. The modifiers + (plus) or (minus) indicate their relative position within the rating categories concerned.

Shares of Shalby Limited was last trading in BSE at Rs. 191.25 as compared to the previous close of Rs. 191.6. The total number of shares traded during the day was 15832 in over 653 trades.

The stock hit an intraday high of Rs. 195 and intraday low of 190.5. The net turnover during the day was Rs. 3047123.

Source : Equity Bulls

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