GHCL Ltd's credit rating upgrades by Ind-Ra

India Ratings & Research (Ind-Ra, a Fitch Group Company), one of the Credit Rating Agency, has upgraded GHCL Limited's Long- Term Issuer Rating to 'IND AA- Stable' (Double A Minus with Stable Outlook), from 'IND A+' (Single A plus).

The said Credit Rating Agency, has also affirmed 'IND A1+' (Single A One Plus) to GHCL Limited for issuance of Commercial Paper (CP) of Rs. 1000 million, which shall be carved out of existing working capital facilities.

Shares of GHCL Limited was last trading in BSE at Rs. 392.70 as compared to the previous close of Rs. 376.80. The total number of shares traded during the day was 16617 in over 904 trades.

The stock hit an intraday high of Rs. 397.80 and intraday low of 374.40. The net turnover during the day was Rs. 6374087.00.

Source : Equity Bulls

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