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CARE revises long-term rating of Dredging Corporation of India; Stock up 1%

The rating has been revised at CARE A from Stable BBB+; Negative, the company said.

November 29, 2021 1:38 IST | India Infoline News Service
Dredging Corp
CARE Ratings Ltd. has revised the long-term instruments Rs58.88cr of Dredging Corporation of India Limited at CARE A from Stable BBB+; Negative.

The Rating Committee has reviewed the ratings on the basis of recent developments including the operational and financial performance of your Company for FY21 (Provisional) and H1FY22 (Published), the company said.

At around 1.40 pm, Dredging Corporation of India Ltd was trading at Rs321.85 per piece up by Rs3.25 or 1.02% from its previous closing of Rs318.60 per piece on the BSE.

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PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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