CARE Ratings upgrades ratings of Fairchem Organics Limited

CARE Ratings Limited (CARE) has reviewed and upgraded the ratings of Fairchem Organics Limited as under:

- For Long-term Bank Facilities: Rs. 74.64 crores Revised from 'CARE A; Stable' to 'CARE A+; Stable (Single A Plus; Outlook stable)'

- For Long - term/Short - term Bank Facilities: Rs. 2.50 crores from ' CARE A; Stable / CARE A1' to 'CARE A+; Stable / CARE A1+ (Single A Plus; Outlook: Stable / A One Plus)

Shares of Fairchem Organics Limited was last trading in BSE at Rs. 1764 as compared to the previous close of Rs. 1835.35. The total number of shares traded during the day was 3412 in over 993 trades.

The stock hit an intraday high of Rs. 1840 and intraday low of 1755.55. The net turnover during the day was Rs. 6102992.

Source : Equity Bulls

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