ICRA reaffirms rating of V-Guard Industries Limited

V-Guard Industries Limited's credit rating agency, ICRA Ltd., has re-affirmed its rating vide letter dated May 7, 2021:

- Re-affirmed the Long-term credit rating for Rs. 344.87 Crore Line of Credit of the Company as "[ICRA] AA" (pronounced ICRA double A)

- The outlook on the Long-term rating remains "Stable"

- Re-affirmed the short-term rating for the Rs. 344.87 Crore Line of Credit as "[ICRA]A1+" (pronounced ICRA A one plus)

The aforesaid ratings to be read as "[ICRA]AA/Stable/A1+" and is valid up to May 2, 2022.

Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs.223.3 as compared to the previous close of Rs. 224.25. The total number of shares traded during the day was 29677 in over 837 trades.

The stock hit an intraday high of Rs. 227 and intraday low of 221.8. The net turnover during the day was Rs. 6620900.

Source : Equity Bulls

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