Crisil upgrades Mangalam Organics long-term outlook to Positive, reaffirms rating

In the long-term rating, the company's outlook was upgraded to 'Positive' from 'Stable'. While rating was reaffirmed at "CRISIL A".

Jun 18, 2021 03:06 IST India Infoline News Service

CRISIL has upgraded and reaffirmed its rating and outlook for various credit facilities of Mangalam Organics. However, the company's stock traded on a bearish note on Friday.

In the long-term rating, the company's outlook was upgraded to 'Positive' from 'Stable'. While rating was reaffirmed at "CRISIL A".

However, for the short-term, Crisil reaffirmed its rating at 'CRISIL A2+'.

At around 3.25 PM, the company's stock was trading at Rs789 per piece down by Rs17.20 or 2.13% on Sensex.

The stock has touched an intraday high and low of Rs824.90 per piece and Rs706.10 per piece respectively.

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