ICRA downgrades ratings of Orbit Exports Limited

ICRA Limited ("ICRA"), after its annual review, has revised the rating of the Bank Facilities of Orbit Exports Limited.

The Long-term Bank Facilities rating has been revised from [ICRA] A to [ICRA]A- and the Short-term Bank Facilities rating has been revised from [ICRA] A1 to [ICRA]A2+. The outlook on the long-term rating has been revised to 'Stable' from 'Negative'.

Shares of ORBIT EXPORTS LTD. was last trading in BSE at Rs.60 as compared to the previous close of Rs. 59.2. The total number of shares traded during the day was 1033 in over 56 trades.

The stock hit an intraday high of Rs. 60.15 and intraday low of 58. The net turnover during the day was Rs. 61107.

Source : Equity Bulls

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