ICRA updates on rating of Rane Holdings Ltd

ICRA Limited has:

a. for Rs. 51.50 crore bank facilities- reaffirmed a long term rating of [ICRA] AA- (pronounced as ICRA double A minus) and

b. for Rs. 48.50 crore bank facilities - reaffirmed a long term rating of [ICRA] AA- (pronounced as ICRA double A minus) with outlook as 'stable' and short-term rating of [ICRA] A1+ (pronounced as ICRA A one plus).

The Rating Committee of ICRA, after due consideration has reaffirmed the long-term rating at [ICRA]AA- (pronounced ICRA double A minus) and the short-term rating at [ICRA]A1+ (pronounced ICRA A one plus). The outlook on the long-term rating is Stable.

Shares of Rane Holdings Limited was last trading in BSE at Rs. 1250.55 as compared to the previous close of Rs. 1250.25. The total number of shares traded during the day was 336 in over 63 trades.

The stock hit an intraday high of Rs. 1269.00 and intraday low of 1248.30. The net turnover during the day was Rs. 420627.00.

Source : Equity Bulls

Keywords

RaneHoldings INE384A01010 RatingUpdate