CARE revises ratings of Shakti Pumps India Limited

Care Ratings has announced the revision of Rating for Bank facilities on the basis of recent developments including operational and financial performance of Shakti Pumps India Limited.

- The Long-term Bank Facilities updated to CARE A-; Stable (single A Minus; Outlook: Stable) from CARE BBB+; Positive (Triple B Plus; Outlook: Positive)

- The Long Term / Short Term Bank Facilities updated to CARE A-; Stable / CARE A2+ (single A Minus; Outlook : Stable / A Two Plus from CARE BBB+; Positive / CARE A2 (Triple B Plus; Outlook: Positive / A Two) and

- The Short Term Bank Facilities updated to CARE A2+ (A Two Plus) from CARE A2 (A Two)

Shares of SHAKTI PUMPS (INDIA) LTD. was last trading in BSE at Rs.765 as compared to the previous close of Rs. 774.15. The total number of shares traded during the day was 11368 in over 805 trades.

The stock hit an intraday high of Rs. 781.5 and intraday low of 758.9. The net turnover during the day was Rs. 8685745.

Source : Equity Bulls

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