Acuite updates on ratings of Welspun Enterprises Limited

Acuite Ratings & Research Limited ("Acuite") has assigned a long-term rating of 'ACUITE AA-' to the bank loan facility of Rs. 100 crore.

Further, Acuite has reaffirmed its long-term rating of 'ACUITE AA-' to the Non-Convertible Debentures (NCDs) of Rs. 375 crore and its short-term rating of 'ACUITE A1+' to the Commercial Paper (CP) of Rs. 225 crore. The outlook is 'Stable'.

Shares of Welspun Enterprises Limited was last trading in BSE at Rs. 103.10 as compared to the previous close of Rs. 104.20. The total number of shares traded during the day was 19339 in over 1004 trades.

The stock hit an intraday high of Rs. 105.50 and intraday low of 102.85. The net turnover during the day was Rs. 2000525.00.

Source : Equity Bulls

Keywords

WelspunEnterprises INE625G01013 RatingUpdate