Graphite India Ltd updates on credit rating

ICRA Ltd. has on enhanced credit limit of Rs. 1400 Crore (Rs. 1000 Crore earlier) for working capital facilities of the Company, reaffirmed the long term rating at [ICRA] AA+ (pronounced ICRA double A plus) and short term rating at [ICRA] A1+ (pronounced ICRA A one plus). The outlook on the long-term rating has also been retained as Stable.

Shares of Graphite India Limited was last trading in BSE at Rs. 508.35 as compared to the previous close of Rs. 524.60. The total number of shares traded during the day was 603105 in over 23171 trades.

The stock hit an intraday high of Rs. 545.00 and intraday low of 505.00. The net turnover during the day was Rs. 313603448.00.

Source : Equity Bulls

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GraphiteIndia INE371A01025 RatingUpdate