ICRA-assigned Credit Rating for 100.00 crore bank lines of Rane Holdings Limited

The Rating Committee of ICRA, after due consideration, has reaffirmed the long-term rating for the captioned Line of Credit (LOC) at [ICRA]AA- (pronounced ICRA double A minus). The Rating Committee of ICRA, after due consideration, has also reaffirmed the short-term rating for the captioned Line of Credit (LOC) at [ICRA]A1+ (pronounced ICRA A one plus). The outlook on the long-term rating is Stable.

Instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Shares of Rane Holdings Limited was last trading in BSE at Rs. 581.65 as compared to the previous close of Rs. 595.45. The total number of shares traded during the day was 534 in over 189 trades.

The stock hit an intraday high of Rs. 601.15 and intraday low of 576.50. The net turnover during the day was Rs. 313358.00.

Source : Equity Bulls

Keywords

RaneHoldingsLimited INE384A01010 RANEHOLDIN RatingUpdate