CRISIL rating on Rs. 200 crore Commercial Paper of Godrej Industries Ltd

CRISIL has assigned 'CRISIL A1+' [pronounced 'CRISIL A one plus'] rating to the Company's issue of Commercial Paper Programme of upto Rs. 2,000 Crore (Rupees Two Thousand Crore) [enhanced from Rs.1,500 Crore (Rupees One Thousand Five Hundred Crore) to Rs.2,000 Crore (Rupees Two Thousand Crore)]. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Shares of Godrej Industries Ltd. was last trading in BSE at Rs. 563.85 as compared to the previous close of Rs. 565.9. The total number of shares traded during the day was 11971 in over 840 trades.

The stock hit an intraday high of Rs. 571 and intraday low of 563.4. The net turnover during the day was Rs. 6794844.

Source : Equity Bulls

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