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CARE revises credit ratings of Brooks Laboratories bank facilities; Stock climbs ~3%

The rating on long-term bank facilities has been revised to CARE BB-; Stable and short-term at CARE A4.

January 06, 2022 3:17 IST | India Infoline News Service
Brooks Laboratories Limited has received a credit rating by CARE Ratings Limited for Long Term and Short Term Bank facilities. The rating on long-term bank facilities has been revised to CARE BB-; Stable from CARE B; Stable. On the short-term bank facilities of the company, CARE A4 has been reaffirmed.

Towards close of trade on Thursday, Brooks Laboratories Ltd was trading at Rs101.30 per piece up by Rs2.85 or 2.89% from its previous closing of Rs98.45 per piece on the BSE.
The scrip opened at Rs98.10 and has touched a high and low of Rs102.40 and Rs97.70 respectively.

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