The credit rating agency ICRA Limited has revised long term rating of Line of credit to [ICRA]A from [ICRA]A+ and reaffirmed short term rating at [ICRA]A1.
The outlook on the long term rating is 'Stable'.
The revision in long term rating takes into account the sub-par performance of Building Products and PEB impacted by the demonetization initiative by the Indian Government, significant increase in the prices of steel and adverse impact of foreign exchange fluctuations.
Shares of EVEREST INDUSTRIES LTD. was last trading in BSE at Rs.233.2 as compared to the previous close of Rs. 229.6. The total number of shares traded during the day was 13448 in over 480 trades.
The stock hit an intraday high of Rs. 238 and intraday low of 231. The net turnover during the day was Rs. 3148133.