ICRA upgrades credit rating of Rama Phosphates Ltd

Taking into consideration the consistent strengthening in the performance of Rama Phosphates Ltd, the Credit Rating has been improved to BBB+ (Triple B plus) from BBB- (Triple B minus).

Total Bank Loan Facilities Rated - Amount - Rs.72 Crore

Long Term Rating - ICRA BBB+ Stable (Triple B Plus; Outlook: Stable)

Short Term Rating - ICRA A2 (A Two)

Shares of RAMA PHOSPHATES LTD. was last trading in BSE at Rs.129.3 as compared to the previous close of Rs. 134.65. The total number of shares traded during the day was 74142 in over 532 trades.

The stock hit an intraday high of Rs. 135.7 and intraday low of 127.95. The net turnover during the day was Rs. 9666465.

Source : Equity Bulls

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