ICRA upgrades long-term rating of Bajaj Electricals Limited

ICRA Limited ("ICRA") has upgraded the long-term rating for Bajaj Electricals Limited's Rs.4,092.50 crore bank facilities ("Facilities") to [ICRA]A+ (pronounced ICRA A plus) from [ICRA]A (pronounced ICRA A), with stable outlook, and has reaffirmed the short-term rating for the said Facilities at [ICRA]A1 (pronounced ICRA A one). The outlook on the long-term rating is Stable.

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. 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 Bajaj Electricals Limited was last trading in BSE at Rs. 1002.45 as compared to the previous close of Rs. 1025.60. The total number of shares traded during the day was 4974 in over 620 trades.

The stock hit an intraday high of Rs. 1026.25 and intraday low of 999.00. The net turnover during the day was Rs. 5018247.00.

Source : Equity Bulls

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BajajElectricals INE193E01025 RatingUpgrade