CARE revises long term credit rating of Orient Paper & Industries Ltd

Care Ratings Limited has revised long term credit rating of Orient Paper & Industries Ltd to CARE A1 + (Single A plus; Outlook: Stable) from CARE AA- (Double AA minus: Outlook: Stable) on the basis of recent developments including operational and financial performance of the Company for FY 20 (audited) and Q1 FY 21 (un-audited). However, the short-term credit rating is maintained as CARE A 1 + (A One plus).

Shares of ORIENT PAPER & INDUSTRIES LTD. was last trading in BSE at Rs.17.55 as compared to the previous close of Rs. 17.8. The total number of shares traded during the day was 12219 in over 84 trades.

The stock hit an intraday high of Rs. 17.8 and intraday low of 17.5. The net turnover during the day was Rs. 215120.

Source : Equity Bulls

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