ICRA upgrades rating of Suryalakshmi Cotton Mills Ltd

The rating agency has upgraded the Long-Term rating to "[ICRA] BBB" (pronounced ICRA triple B) from [ICRA] BBB- (pronounced ICRA triple B minus). The outlook on the long-term rating is Stable. The Rating Committee of ICRA, after due consideration, has also upgraded the short-term rating to "[ICRA] A3+" (pronounced ICRA A three plus) from [ICRA] A3 (pronounced ICRA A three).

Shares of Suryalakshmi Cotton Mills Limited was last trading in BSE at Rs. 59.05 as compared to the previous close of Rs. 59.65. The total number of shares traded during the day was 2733 in over 79 trades.

The stock hit an intraday high of Rs. 60.20 and intraday low of 59.00. The net turnover during the day was Rs. 162664.00.

Source : Equity Bulls

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SuryalakshmiCottonMills INE713B01026 RatingUpgrade