ICRA upgrades rating of Warren Tea Limited

Based on the review of the latest developments, the long term rating of Warren Tea Limited has been upgraded to [ICRA]BB- (pronounced ICRA double B minus) ("Rating") from [ICRA]B (pronounced ICRA B) and the short term rating reaffirmed at [ICRA]A4 (pronounced ICRA A four). The outlook on the long-term rating has been revised to Stable from Negative.

Shares of Warren Tea Ltd. was last trading in BSE at Rs. 81 as compared to the previous close of Rs. 82.8. The total number of shares traded during the day was 1954 in over 35 trades.

The stock hit an intraday high of Rs. 82.95 and intraday low of 81. The net turnover during the day was Rs. 159166.

Source : Equity Bulls

Keywords