ICRA A1+ rating assigned to Godrej Industries Limited's Commercial Paper Programme

ICRA Limited has assigned "ICRA A1+" [pronounced as "ICRA A one plus"] rating to Godrej Industries Limited's issue of Commercial Paper Programme of upto Rs. 1,500 Crore (Rupees One Thousand Five Hundred Crore) [enhanced from Rs.1,000 Crore (Rupees One Thousand Crore) to Rs.1,500 Crore (Rupees One Thousand Five Hundred Crore)].

Instruments with this rating indicate very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Shares of GODREJ INDUSTRIES LTD. was last trading in BSE at Rs.409.1 as compared to the previous close of Rs. 405.2. The total number of shares traded during the day was 2511 in over 284 trades.

The stock hit an intraday high of Rs. 414 and intraday low of 406.05. The net turnover during the day was Rs. 1024820.

Source : Equity Bulls

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