CARE upgrades ratings of Man Infraconstruction Limited

The rating agency CARE has upgraded its rating for bank facilities of Man Infraconstruction Limited.

The rating on Long Term Bank Facilities of Rs. 32.50 crore has been upgraded from CARE A-; Stable (Single A Minus; Outlook: Stable) to CARE A; Stable (Single A; Outlook: Stable)

The rating on Long Term / Short Term Bank Facilities of Rs. 162 crore (Reduced from Rs. 162.14 crore) has been revised from CARE A-; Stable / CARE A2+ (Single A Minus; Outlook: Stable / A Two Plus) to CARE A; Stable / CARE A2+ (Single A; Outlook: Stable/ A Two Plus)

Shares of MAN INFRACONSTRUCTION LIMITED was last trading in BSE at Rs. 66.95 as compared to the previous close of Rs. 67.15. The total number of shares traded during the day was 64192 in over 838 trades.

The stock hit an intraday high of Rs. 68.8 and intraday low of 66.5. The net turnover during the day was Rs. 4324360.

Source : Equity Bulls

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