CRISIL Rating on the Rs.150 Crore Non Convertible Debentures of Finolex Cables Limited

CRISIL has, after due consideration, reaffirmed its "CRISIL AA+/Stable" (pronounced as CRISIL double A Plus rating with Stable outlook) rating on the captioned debt instrument. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Shares of FINOLEX CABLES LTD. was last trading in BSE at Rs.211.9 as compared to the previous close of Rs. 205.65. The total number of shares traded during the day was 11672 in over 499 trades.

The stock hit an intraday high of Rs. 215.9 and intraday low of 209.15. The net turnover during the day was Rs. 2501038.

Source : Equity Bulls

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