ICRA upgrades long-term rating of Suraj Products Ltd

Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has upgraded the long-term rating to [ICRA]BBB- (pronounced ICRA Triple B Minus) from [ICRA]BB+ (pronounced ICRA Double B Plus) ("Rating"). The Rating Committee of ICRA, after due consideration has also upgraded the short-term rating to [ICRA]A3 (pronounced ICRA A Three) from [ICRA]A4+ (pronounced ICRA A Four Plus) ("Rating"). The outlook on the long-term rating is Stable. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations.

Shares of Suraj Products Ltd. was last trading in BSE at Rs. 79 as compared to the previous close of Rs. 82. The total number of shares traded during the day was 7489 in over 95 trades.

The stock hit an intraday high of Rs. 85.95 and intraday low of 77.9. The net turnover during the day was Rs. 607392.

Source : Equity Bulls

Keywords