Fairchem Organics Ltd updates on credit ratings

CARE Ratings Limited (CARE), post annual review, has reaffirmed / assigned the ratings for various long term / short term credit facilities of Fairchem Organics Ltd as under:

1. For Long Term Bank Facilities - Rs. 123.99 Crore : CARE A+; Stable (Single A Plus; Outlook: Stable) - Reaffirmed.

2. For Long Term / Short Term Bank facilities - Rs. 2.25 Crore : CARE A+; Stable / CARE A1+ (Single A Plus; Outlook: Stable / A One Plus) - Reaffirmed.

3. For Short Term Bank Facilities - Rs. 5.00 Crore - CARE Ai+ (A One Plus) - Assigned

Shares of Fairchem Organics Limited was last trading in BSE at Rs. 1911.65 as compared to the previous close of Rs. 1777.80. The total number of shares traded during the day was 8289 in over 2073 trades.

The stock hit an intraday high of Rs. 1994.05 and intraday low of 1763.10. The net turnover during the day was Rs. 15929159.00.

Source : Equity Bulls

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FairchemOrganics INE0DNW01011 RatingUpdate