Ind Ra assigns Walchandnagar Industries rating to 'IND B-/Stable'; Stock gains 2.5%

India Ratings and Research (Ind-Ra) has assigned Walchandnagar Industries Limited (WIL) a Long-Term Issuer Rating of ‘IND B-’. The Outlook is Stable.

Moreover, the short-term rating has been assigned to IND A4.

As per the rating rationale report, a substantial improvement in liquidity, on a sustained basis, would be positive for the rating.

Further, a substantial deterioration in liquidity, on a sustained basis, would be negative for the rating, the rating agency said.

On Tuesday, at around 12:30 PM, Walchandnagar Industries Ltd is currently trading at Rs61.50 per share up by Rs1.5 or 2.5% from its previous closing of Rs60 per share on the BSE.

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