CARE reaffirms rating of Balkrishna Industries Limited

CARE Ratings Limited (CARE) vide its letter No. CARE/HO/RL/2024-25/1701 dated 28th June, 2024 has re-affirmed the credit rating of "CARE AA; Positive" (Double A, Outlook - Positive) for the Non-Convertible Debentures of Balkrishna Industries Limited which is reduced from Rs 500 Crores to Rs. 325 Crores. The Company has done partial redemption of Rs. 175 Crores on 26th April, 2024.

Shares of Balkrishna Industries Limited was last trading in BSE at Rs. 3229.40 as compared to the previous close of Rs. 3199.25. The total number of shares traded during the day was 4375 in over 886 trades.

The stock hit an intraday high of Rs. 3250.35 and intraday low of 3142.00. The net turnover during the day was Rs. 14079585.00.

Source : Equity Bulls

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BalkrishnaIndustries INE787D01026 NCDs RatingUpdate Reaffirmed