ICRA Credit Rating for Rs. 559.86 crore of Tejas Networks Limited

The Rating Committee of ICRA, after due consideration, has downgraded, the long term rating from [ICRA]A (pronounced ICRA A) to [ICRA]A- (pronounced ICRA A minus) and the short term rating from [ICRA]A1 (pronounced ICRA A1) to [ICRA]A2+ (pronounced [ICRA]A2 plus), for the captioned Line of Credit (LOC). The Outlook on the long-term rating is Stable.

Shares of Tejas Networks Ltd was last trading in BSE at Rs.50.75 as compared to the previous close of Rs. 52.05. The total number of shares traded during the day was 21784 in over 180 trades.

The stock hit an intraday high of Rs. 54.6 and intraday low of 50. The net turnover during the day was Rs. 1154876.

Source : Equity Bulls

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