CRISIL upgrades long term rating of Nahar Spinning Mills Ltd

The rating outlook on the long term bank facilities of Nahar Spinning Mills Ltd has been upgraded to 'CRISIL A / Stable' from 'CRISIL A-/Stable' and on the short-term bank facility to 'CRISIL A1' from 'CRISIL A2+'.

Further, the CRISIL Rating on the Rs. 23.5 Crore Commercial Paper has been upgraded to 'CRISIL A1' from 'CRISIL A2+'.

Shares of Nahar Spinning Mills Ltd., was last trading in BSE at Rs. 384 as compared to the previous close of Rs. 395.85. The total number of shares traded during the day was 5351 in over 111 trades.

The stock hit an intraday high of Rs. 407 and intraday low of 378.1. The net turnover during the day was Rs. 2086051.

Source : Equity Bulls

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