ICRA upgrades rating of Escorts Ltd

The Rating Committee of ICRA Limited (ICRA), after due consideration, has removed the long-term rating from 'Rating Watch with Developing Implications', and upgraded the same from [ICRA]AA- (pronounced as ICRA double A minus) to [ICRA]AA (pronounced as ICRA double A). The long-term rating has a 'stable' outlook. ICRA has also reaffirmed a short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) for the Rs. 950.0 Crore Line of Credit of Escorts Limited. The aforesaid ratings will be due for surveillance anytime before March 31, 2021.

Shares of ESCORTS LTD. was last trading in BSE at Rs.1244 as compared to the previous close of Rs. 1254.2. The total number of shares traded during the day was 49950 in over 2578 trades.

The stock hit an intraday high of Rs. 1259.2 and intraday low of 1236.15. The net turnover during the day was Rs. 62271282.

Source : Equity Bulls

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