ICRA reaffirms longterm rating of Cantabil Retail India Ltd

Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has reaffirmed the long-term rating at [ICRA]BBB+ (pronounced ICRA Triple B Plus) and short-term Rating at [ICRA]A2 (pronounced ICRA A two) ("Rating") for the captioned bank facilities. The outlook on the long-term rating is Stable.

Instruments with [ICRA]BBB+ rating indicate moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. Instruments with [ICRA]A2 rating indicate strong degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Shares of CANTABIL RETAIL INDIA LTD. was last trading in BSE at Rs. 418.9 as compared to the previous close of Rs. 420.2. The total number of shares traded during the day was 2045 in over 302 trades.

The stock hit an intraday high of Rs. 422 and intraday low of 414.65. The net turnover during the day was Rs. 853224.

Source : Equity Bulls

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