India Ratings Upgrades Sky Gold and Diamonds's Bank Loan Facilities to 'IND A'/Stable; Rates Additional Limits

India Ratings and Research (Ind-Ra) has upgraded Sky Gold and Diamonds Limited's (SGDL, formerly Sky Gold Limited) bank loan facilities' longterm rating to 'IND A' from 'IND A-* with a Stable Outlook and short-term rating to 'IND A1' from 'IND A2+'.

Ind-Ra continues to take a fully consolidated view of SGDL and its wholly owned subsidiaries: Star Mangalsutra Private Limited (SMPL; debt rated at 'IND A-/Stable/IND A2+') and Sparkling Chains Pvt Ltd (SCPL; debt rated at 'IND A-/Stable/'IND A2+) on account of the strong strategic and operational interlinkage among them.

Shares of Sky Gold and Diamonds Ltd was last trading in BSE at Rs. 371.30 as compared to the previous close of Rs. 369.80. The total number of shares traded during the day was 42208 in over 1071 trades.

The stock hit an intraday high of Rs. 383.55 and intraday low of 365.00. The net turnover during the day was Rs. 15829456.00.

Source : Equity Bulls

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