Ind-Ra revises ratings of Srikalahasthi Pipes Ltd

India Ratings & Research (Ind-Ra) has revised the rating of the bank facilities of Srikalahasthi Pipes Ltd vide its letter dated 5th October, 2021, as under:

Long Term Loans and Fund based Working Capital Facilities rating has been revised from IND AA-/RWN to IND A+/Stable.

Non-fund based Working Capital Facilities and Commercial Papers rating has been revised from IND A1+/RWN to IND A1+.

Shares of Srikalahasthi Pipes Limited was last trading in BSE at Rs. 212.40 as compared to the previous close of Rs. 218.10. The total number of shares traded during the day was 6577 in over 408 trades.

The stock hit an intraday high of Rs. 220.75 and intraday low of 210.70. The net turnover during the day was Rs. 1415251.00.

Source : Equity Bulls

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