Dwarikesh Sugar Industries Ltd updates on credit rating

ICRA Limited - the credit rating agency has vide its letter dated June 13, 2022, received & accepted on June 13, 2022, has reaffirmed the long term rating for the Bank facilities amounting to Rs.1099.99 crores at "[ICRA] A+ (Positive)" (pronounced ICRA A plus) with outlook reaffirmed to Positive. 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) appended to the rating indicate their relative position within the rating levels concerned.

ICRA Limited - the credit rating agency has also vide its letter dated June 13, 2022 received & accepted on June 13, 2022, has reaffirmed the rating for the Commercial Papers amounting to Rs.300 crores as "[ICRA]A1+" (pronounced ICRA A one plus) indicating very strong degree of safety regarding timely payment of financial obligations. Such instruments carries lowest credit risk.

Shares of Dwarikesh Sugar Industries Limited was last trading in BSE at Rs. 100.05 as compared to the previous close of Rs. 104.70. The total number of shares traded during the day was 175053 in over 3350 trades.

The stock hit an intraday high of Rs. 103.95 and intraday low of 99.25. The net turnover during the day was Rs. 17714777.00.

Source : Equity Bulls

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DwarikeshSugarIndustries INE366A01041 RatingUpdate