CARE reaffirms credit ratings of DFM Foods; stock drops 2%

The rating on Rs85.79cr bank facilities has been reaffirmed as Care A with Stable outlook.

Nov 25, 2020 03:11 IST India Infoline News Service

Credit Analysis & Research Ltd. (CARE) has reaffirmed the credit ratings of DFM Foods Limited on long-term bank facilities. The rating on Rs85.79cr bank facilities (reduced from Rs96.06cr) has been reaffirmed as Care A with Stable outlook.

The credit rating on short-term bank facilities Rs16.33cr were reaffirmed at Care Al.

DFM Foods stock was bearish going with the overall market sentiments. At around 3.12 pm, the company stock was trading at Rs341.30 per piece down by Rs6.2 or 1.78% from its previous closing of Rs347.50 per piece on the BSE.
The scrip opened at Rs342 and has touched a high and low of Rs352 and Rs340 respectively.

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