ICRA updates on ratings of Uno Minda Ltd

ICRA has reaffirmed the long term rating of Uno Minda Limited at [ICRA]AA+ (pronounced ICRA double A plus) and the short-term rating at [ICRA]A1 + (pronounced ICRA A one plus) on the rated bank facilities. The outlook on the long-term rating is Stable.

The rating agency has reaffirmed the short-term rating of [ICRA] Al+ (pronounced ICRA A one plus) for the Commercial Paper (CP) programme of Uno Minda Limited and assigned a long-term rating of [ICRA]AA+ (pronounced ICRA double A plus) to Non-Convertible Debentures (NCD) of Uno Minda Limited. The outlook on the long-term rating is Stable.

Shares of Minda Industries Limited was last trading in BSE at Rs. 602.05 as compared to the previous close of Rs. 600.00. The total number of shares traded during the day was 20606 in over 1571 trades.

The stock hit an intraday high of Rs. 609.05 and intraday low of 594.00. The net turnover during the day was Rs. 12351509.00.

Source : Equity Bulls

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UnoMinda INE405E01023 RatingUpdate