CARE reaffirms credit ratings of Ipca Labs; Revises outlook to positive

The rating on the company’s long-term / short-term bank facilities Rs1140cr has been reaffirmed at CARE AA; Positive / Care A1+.

Sep 07, 2021 01:09 IST India Infoline News Service

CARE Ratings has reviewed and reaffirmed the ratings to Ipca Laboratories Limited long term and short-term bank facilities. The rating on long-term / short-term bank facilities Rs1140cr has been reaffirmed at CARE AA; Positive / Care A1+. Outlook revised from Stable, the company said in the filing.

At around 1.17 PM, Ipca Laboratories Ltd was trading at Rs2,469.95 per piece down by Rs28.45 or 1.14% from its previous closing of Rs2,498.40 per piece on the BSE.
The scrip opened at Rs2,515.15 and has touched a high and low of Rs2,515.15 and Rs2,449.90 respectively.

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