ICRA updates on ratings of REMSONS Industries Ltd

The Rating Committee of ICRA, has assigned the credit rating for Rs. 40.00 Crore (enhanced from Rs. 29.20 crore) facilities of REMSONS Industries limited as under:

- Long Term Rating of (ICRA) BBB- (pronounced ICRA triple B minus). Outlook for the long term rating is "Stable" for an enhanced amount of Rs.10.80 crore.

- Short Term Rating at (ICRA) A3 (pronounced ICRA A three).

Shares of REMSONS INDUSTRIES LTD. was last trading in BSE at Rs.169.4 as compared to the previous close of Rs. 177.8. The total number of shares traded during the day was 2789 in over 167 trades.

The stock hit an intraday high of Rs. 175.65 and intraday low of 168. The net turnover during the day was Rs. 478120.

Source : Equity Bulls

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