ICRA assigned Credit Rating for Rs. 670 crore Bank Facilities of Banswara Syntex Limited

Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has retained the long-term rating at [ICRA]BBB- (pronounced ICRA triple B minus) ("Rating"). 'The Rating Committee of ICRA, after due consideration has also retained the short-term rating at [ICRA]A3 (pronounced ICRA A three) ("Rating"). The outlook of the long-term rating has been revised to Positive from Stable. Instruments with [ICRA]BBB- rating indicate a moderate degree of safety.

Shares of BANSWARA SYNTEX LTD. was last trading in BSE at Rs.118 as compared to the previous close of Rs. 116.8. The total number of shares traded during the day was 6281 in over 191 trades.

The stock hit an intraday high of Rs. 122.8 and intraday low of 112. The net turnover during the day was Rs. 737264.

Source : Equity Bulls

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