ICRA reaffirms ratings of Tube Investments of India Ltd

The Credit Rating Agency, M/s. ICRA Limited ('ICRA') has reaffirmed the long-term rating at [ICRA]AA+ and the short-term rating at [ICRA]A1+ in respect of the bank fund based and non-fund based limits of Tube Investments of India Ltd. The long-term rating has been removed from watch with developing implications and 'Stable' outlook has been assigned.

ICRA has reaffirmed the short-term rating to the Company's commercial paper programme at [ICRA]A1+.

Shares of Tube Investments of India Limited was last trading in BSE at Rs. 1705.45 as compared to the previous close of Rs. 1705.30. The total number of shares traded during the day was 4771 in over 982 trades.

The stock hit an intraday high of Rs. 1732.85 and intraday low of 1692.10. The net turnover during the day was Rs. 8169372.00.

Source : Equity Bulls

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TubeInvestmentsofIndiaLimited INE974X01010 TIINDIA RatingUpdate Reaffirmed