ICRA assigned Credit Rating for Rs. 395.00 crore Line of Credit of Action Construction Equipment Ltd

The Rating Committee of ICRA, after due consideration of the latest developments in Action Construction Equipment Ltd, has assigned a long-term rating of [ICRA]AA- (pronounced ICRA Double A minus) and short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) for the enhanced amount of Rs. 100.00.crore. The Outlook on the long-term rating is Stable.

Shares of ACTION CONSTRUCTION EQUIPMENT LTD. was last trading in BSE at Rs.68.75 as compared to the previous close of Rs. 68.75. The total number of shares traded during the day was 70587 in over 382 trades.

The stock hit an intraday high of Rs. 69.4 and intraday low of 66.35. The net turnover during the day was Rs. 4836062.

Source : Equity Bulls

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