India Ratings downgrades rating of Sadbhav Infrastructure Project Ltd

India Ratings and Research Private Limited (India Rating) has revised the credit rating of Sadbhav Infrastructure Project Limited to 'IND BB+' from 'IND BBB+' vide email received from India Rating on 17th June, 2022.

The downgrade reflects a continuous decline in the consolidated revenue in FY22, leading to deterioration in the credit metrics. It also reflects further delays in the implementation of asset monetisation plans, resulting in deterioration in the liquidity position and further elongation in the working capital cycle, all on a consolidated basis.

Shares of Sadbhav Infrastructure Project Limited was last trading in BSE at Rs. 7.33 as compared to the previous close of Rs. 7.69. The total number of shares traded during the day was 47293 in over 142 trades.

The stock hit an intraday high of Rs. 7.98 and intraday low of 7.31. The net turnover during the day was Rs. 350767.00.

Source : Equity Bulls

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SadbhavInfrastructureProject INE764L01010 CreditRating RatingUpdate