ICRA assigns Credit rating for Commercial Papers Programme of Godrej Industries Limited

ICRA Limited has assigned 'ICRA A1+' [pronounced 'ICRA A one plus'] rating to Godrej Industries Limited’s issue of Commercial Paper Programme of upto Rs. 2,000 Crore (Rupees Two Thousand Crore) [enhanced from Rs. 1,500 Crore (Rupees One Thousand Five Hundred Crore) to Rs.2,000 Crore (Rupees Two Thousand Crore)]. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Shares of Godrej Industries Limited was last trading in BSE at Rs. 603.70 as compared to the previous close of Rs. 593.00. The total number of shares traded during the day was 20636 in over 1012 trades.

The stock hit an intraday high of Rs. 606.75 and intraday low of 580.55. The net turnover during the day was Rs. 12220528.00.

Source : Equity Bulls

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GodrejIndustriesLimited INE233A01035 GODREJIND RatingUpdate