ICRA upgrades rating of Suryalakshmi Cotton Mills Ltd

The rating agency has upgraded the Long-Term rating to '[ICRA] BBB-' (pronounced ICRA triple B minus) from [ICRA] BB+ (pronounced ICRA double B plus) and also upgraded the short-term rating to '[ICRA] A3' (pronounced ICRA A three) from [ICRA] A4+ (pronounced ICRA A four plus). The ratings have been removed from 'rating watch with negative implications' and Stable outlook was assigned on the long-term rating & short term credit rating.

Shares of Suryalakshmi Cotton Mills Limited was last trading in BSE at Rs. 60.85 as compared to the previous close of Rs. 62.10. The total number of shares traded during the day was 1142 in over 47 trades.

The stock hit an intraday high of Rs. 62.10 and intraday low of 60.25. The net turnover during the day was Rs. 69886.00.

Source : Equity Bulls

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SuryalakshmiCottonMillsLimited INE713B01026 RatingUpgrade CreditRating LongTerm ShortTerm