ICRA updates on Credit Rating of H.G. Infra Engineering Limited

The Rating Committee of ICRA, after due consideration, has assigned a long-term rating of [ICRA]A+ (pronounced ICRA A plus) and a short-term rating of [ICRA]A1 (pronounced as ICRA A one) with a 'Positive' outlook.

Instruments with [ICRA]A rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. The modifier + (plus) may be appended to the rating symbols to indicate their relative position within the rating levels concerned. Thus, the rating of [ICRA]A+ is one notch higher than [ICRA]A. Instruments with [ICRA]A1 rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Shares of H.G. Infra Engineering Limited was last trading in BSE at Rs. 604.90 as compared to the previous close of Rs. 623.05. The total number of shares traded during the day was 14477 in over 1505 trades.

The stock hit an intraday high of Rs. 622.25 and intraday low of 600.00. The net turnover during the day was Rs. 8864412.00.

Source : Equity Bulls

Keywords

HGInfraEngineering INE926X01010 HGINFRA Construction Engineering CreditRating