ICRA assings rating to Rs. 200 crore NCD programme of The Ramco Cements Ltd

The Rating Committee of ICRA, after due consideration, has assigned [ICRA]AA+ (pronounced ICRA double A plus) rating to the Rs. 200.00 crore Non-Convertible Debenture (NCD) of The Ramco Cements Limited. 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. The modifier + (plus) appended to the rating symbol, indicates its relative position within the rating category. The outlook on the long-term rating is Stable.

Shares of The Ramco Cements Limited was last trading in BSE at Rs.765 as compared to the previous close of Rs. 763.75. The total number of shares traded during the day was 23127 in over 732 trades.

The stock hit an intraday high of Rs. 777 and intraday low of 763.15. The net turnover during the day was Rs. 17760997.

Source : Equity Bulls

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