CARE announces 'PR 1' Rating for Alok Industries short term programme

Alok Industries Ltd has announced that Credit Analysis & Research Ltd (CARE) have vide their letter dated April 19, 2007 revalidated a 'PR 1' [PR One] rating for the Company's Commercial Paper program / MIBOR linked to the short term Non-Convertible Debentures / other short term instruments of Rs 100 crore (including outstanding instruments as on date) for a maturity upto 1 year. The said rating is valid for a period of one year from the date of their captioned letter.

The stock closed the day at Rs.62.45, up by Rs.2 or 3.31%. The stock hit an intraday high of Rs.62.90 and low of Rs.60.70. The total traded quantity was 163597 shares compared to 2 week average of 71729.

Source : Equity Bulls

Keywords