ICRA assigns rating to The Ramco Cements Ltd's Commercial Paper

The Rating Committee of ICRA, after due consideration, has assigned [ICRA]AA+ (pronounced ICRA double A plus) rating to the Rs. 300.00 crore Non-Convertible Debenture (NCD) programme 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.848 as compared to the previous close of Rs. 836.55. The total number of shares traded during the day was 9808 in over 469 trades.

The stock hit an intraday high of Rs. 851.65 and intraday low of 835.4. The net turnover during the day was Rs. 8267324.

Source : Equity Bulls

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