ICRA revises rating of GE Power India Ltd

ICRA Limited (Credit rating agency) vide letter dated 28 June 2022, revised the Long-term rating for Line of Credit as [ICRA]A from [ICRA]A+ and reaffirmed the outlook to Negative and the short-term rating for Line of Credit as [ICRA]A2+ from [ICRA]A1 of the Company. The reason for such downward revision is decline in the volume and inflationary pressure.

Shares of GE Power India Limited was last trading in BSE at Rs. 133.05 as compared to the previous close of Rs. 134.25. The total number of shares traded during the day was 4226 in over 538 trades.

The stock hit an intraday high of Rs. 137.15 and intraday low of 132.30. The net turnover during the day was Rs. 568588.00.

Source : Equity Bulls

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GEPowerIndia INE878A01011 RatingUpdate