ICRA reaffirms ratings of Zenith Exports Limited

Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has reaffirmed the long-term rating at [ICRA]B+ (pronounced ICRA B plus) and the short-term rating at [ICRA]A4 (pronounced ICRA A four) ("Rating"). The outlook on the long-term rating is 'Stable'. Instruments with [ICRA]B+ rating indicate high risk of default regarding timely servicing of financial obligations. Instruments with [ICRA]A4 rating indicate minimal degree of safety regarding timely payment of financial obligations. Such instruments carry very high credit risk and are susceptible to default.

Shares of ZENITH EXPORTS LTD. was last trading in BSE at Rs.86 as compared to the previous close of Rs. 87.75. The total number of shares traded during the day was 510 in over 15 trades.

The stock hit an intraday high of Rs. 91 and intraday low of 83.65. The net turnover during the day was Rs. 44577.

Source : Equity Bulls

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