CARE updates ratings of Ludlow Jute & Specialities Limited

Care Ratings Limited has revised the rating for the long-term bank facilities of Ludlow Jute & Specialities Limited as CARE BB+; Stable (Double B Plus; Outlook: Stable) from the existing rating of CARE BBB; Stable (Triple B; Outlook: Stable) and rating for the short-term bank facilities as CARE A4+ (A Four Plus) from the existing rating of CARE A3+ (A Three Plus) on account of moderation in the financial performance of the last quarter.

Shares of LUDLOW JUTE & SPECIALITIES LTD. was last trading in BSE at Rs. 174.33 as compared to the previous close of Rs. 158.49. The total number of shares traded during the day was 773184 in over 2176 trades.

The stock hit an intraday high of Rs. 174.33 and intraday low of 163.24. The net turnover during the day was Rs. 133493734.00.

Source : Equity Bulls

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LUDLOWJUTEandSPECIALITIES INE983C01015 RatingUpdate