CRISIL reaffirms credit rating for Ipca Labs commercial paper; Stock under pressure

The credit rating agency has reaffirmed CRISIL A1+ rating on the company’s Rs50cr commercial paper programme.

Aug 31, 2021 10:08 IST India Infoline News Service

CRISIL Limited has reaffirmed its credit rating for Ipca Laboratories Limited’s commercial paper programme. The credit rating agency has reaffirmed CRISIL A1+ rating on the company’s Rs50cr comer paper programme. 

At around 10.12 AM, Ipca Laboratories Ltd was trading at Rs2,442.40 per piece down by Rs38.15 or 1.54% from its previous closing of Rs2,480.55 per piece on the BSE.
The scrip opened at Rs2,472.55 on Tuesday and has touched a high and low of Rs2,503.90 and Rs2,430.50 respectively.

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