Ind-Ra affirms rating of Cavendish Industries Ltd

India Ratings and Research Pvt. Ltd. (Ind-Ra) has affirmed the Long-Term Issuer Rating at 'IND A-' and revised the outlook to Negative from Stable of Cavendish Industries Limited (CIL) (a subsidiary of JK Tyre & Industries Ltd.).

Shares of JK Tyre & Industries Limited was last trading in BSE at Rs. 100.95 as compared to the previous close of Rs. 101.20. The total number of shares traded during the day was 83318 in over 1394 trades.

The stock hit an intraday high of Rs. 104.70 and intraday low of 100.35. The net turnover during the day was Rs. 8527381.00.

Source : Equity Bulls

Keywords

JKTyreandIndustries INE573A01042 RatingUpdate Subsidiary CavendishIndustries