CARE Ratings reviews Hindustan Aeronautics bank facilities ratings; Stock hits new high

The facilities aggregated to Rs12,050cr.

Sep 16, 2021 04:09 IST India Infoline News Service

Hindustan Aeronautics
CARE Ratings has reviewed its ratings based on the recent developments including the operational and financial performance of the Hindustan Aeronautics.

CARE revised the company's long term/short term bank facilities to "CARE AAA; Stable/CAREA1+" from "CAREAA+; Stable/CARE Al+".

The facilities aggregated to Rs12,050cr. 

The rating was revised after taking into consideration of operational and financial performance of the company for the quarter ending June 31, 2021.

On Sensex, the company's stock closed at Rs1431 per piece up 2%.

The stock has touched a new 52-week high of Rs1485.45 per piece earlier today. 

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