ICRA reaffirms rating of The South India Paper Mills Limited

ICRA has re-affirmed the long term rating at [ICRA] BBB+ (pronounced ICRA triple B plus) & short term rating at [ICRA] A2 (pronounced ICRA A two) assigned earlier to the Rs 225 crores bank facilities of The South India Paper Mills Limited. ICRA has also assigned a long term rating of [ICRA] BBB+ (pronounced ICRA triple B plus) and short term rating at [ICRA] A2 (pronounced ICRA A two) to the bank facilities of Rs 25 crores. The outlook on the long term rating is stable.

Shares of SOUTH INDIA PAPER MILLS LTD. was last trading in BSE at Rs. 143.55 as compared to the previous close of Rs. 144.55. The total number of shares traded during the day was 4503 in over 30 trades.

The stock hit an intraday high of Rs. 149.80 and intraday low of 143.55. The net turnover during the day was Rs. 654002.00.

Source : Equity Bulls

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SOUTHINDIAPAPERMILLS INE088G01014 RatingUpdate