CARE revises NCD rating of The Indian Hotels Company Ltd

CARE Ratings, the credit rating agency has revised the credit ratings of the NCDs and Bank facilities of The Indian Hotels Company Ltd by one notch to AA (Stable) from AA+(Negative).

The revision in the rating is due to moderation in the operational and financial performance of the Company consequent to COVID-19 restrictions and slower than anticipated recovery post the easing of restrictions.

Shares of INDIAN HOTELS CO.LTD. was last trading in BSE at Rs.123.3 as compared to the previous close of Rs. 126.35. The total number of shares traded during the day was 121241 in over 1883 trades.

The stock hit an intraday high of Rs. 127.1 and intraday low of 122.85. The net turnover during the day was Rs. 15118900.

Source : Equity Bulls

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