ICRA places Syngene International's rating under watch

Based on a review of the latest developments (ICRA placing the ratings of [ICRA]AA+ and [ICRA]A1+ on bank lines of Biocon Limited on watch with developing implications vide released dated March 10, 2022), the Rating Committee of ICRA, after due consideration of the best available information, has placed both the long-term rating of [ICRA]AA+ (pronounced ICRA double A plus) and short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) of Syngene International Limited under watch with developing implications.

Shares of Syngene International Limited was last trading in BSE at Rs. 592.55 as compared to the previous close of Rs. 570.90. The total number of shares traded during the day was 11126 in over 626 trades.

The stock hit an intraday high of Rs. 594.50 and intraday low of 573.60. The net turnover during the day was Rs. 6522579.00.

Source : Equity Bulls

Keywords

SyngeneInternational INE398R01022 RatingUpdate