Shankara Building Products Ltd - Ratings reaffirmed at 'CRISIL BBB+ / Stable / CRISIL A2'

CRISIL Ratings has reaffirmed its 'CRISIL BBB+/Stable/CRISIL A2' ratings on bank facilities and commercial paper of Shankara Building Products Limited (Shankara; a part of the Shankara Buildpro group).

The ratings continue to factor in the group's established market position and extensive experience of the promoter in the building material distribution and retailing businesses, the diversified product offerings, longstanding association with vendors, and moderate financial risk profile. These strengths are partially offset by susceptibility to economic cycles and sharp variation in raw material prices.

Shares of Shankara Building Products Limited was last trading in BSE at Rs. 659.15 as compared to the previous close of Rs. 660.05. The total number of shares traded during the day was 5327 in over 627 trades.

The stock hit an intraday high of Rs. 665.30 and intraday low of 652.60. The net turnover during the day was Rs. 3510435.00.

Source : Equity Bulls

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ShankaraBuildingProducts INE274V01019 RatingUpdate Reaffirmed