CRISIL upgrades ratings of Pokarna Ltd and its subsidiary

As per the latest review of credit rating done by CRISIL, the credit rating of the Company and Pokarna Engineered Stone Limited, material wholly owned subsidiary of the Company, has been upgraded as follows:

Pokarna Limited

Total Bank Loan Facilities Rated - Rs. 60 crores

Long Term Rating - CRISIL A-/Stable (Upgraded from "CRISIL BBB+/Positive")

Short Term Rating - CRISIL A2+ (Upgraded from "CRISIL A2")

Pokarna Engineered Stone Limited

Total Bank Loan Facilities Rated - Rs. 370 crores

Long Term Rating - CRISIL A-/Stable (Upgraded from "CRISIL BBB+/Positive")

Short Term Rating - CRISIL A2+ (Upgraded from "CRISIL A2")

Shares of Pokarna Limited was last trading in BSE at Rs. 406.10 as compared to the previous close of Rs. 379.75. The total number of shares traded during the day was 23145 in over 1716 trades.

The stock hit an intraday high of Rs. 412.75 and intraday low of 376.60. The net turnover during the day was Rs. 9235320.00.

Source : Equity Bulls

Keywords

Pokarna INE637C01025 PokarnaEngineeredStone RatingUpdate Upgrade