CARE revises rating of Pasupati Acrylon Limited

The Credit Rating Agency - CARE has revised the credit rating from BBB+/Positive to BBB+/Stable outlook for long term bank facilities and re-affirmed rating CARE A2 for short term bank facilities of Pasupati Acrylon Limited.

Further, CARE has assigned the rating BBB+; Stable outlook for proposed Long Term Bank Facilities up to Rs. 130 Crores that may be availed by the Company for its new segment - Grain Based Ethanol Plant.

Shares of PASUPATI ACRYLON LTD. was last trading in BSE at Rs. 22.99 as compared to the previous close of Rs. 23.47. The total number of shares traded during the day was 11948 in over 79 trades.

The stock hit an intraday high of Rs. 23.51 and intraday low of 22.65. The net turnover during the day was Rs. 273714.00.

Source : Equity Bulls

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PASUPATIACRYLON INE818B01023 RatinUpdate