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CRISIL upgrades credit ratings on bank facilities of Apollo Pipes

The long-term rating has been upgraded to CRISIL A and the outlook revised to Stable.

December 03, 2021 2:57 IST | India Infoline News Service
CRISIL Ratings has reviewed the credit ratings on the bank loan facilities Rs180.2cr of Apollo Pipes Limited. The long-term rating CRISIL A/Stable has been upgraded from CRISIL A - / Positive' and outlook revised to Stable. The short-term rating at CRISIL Al has been upgraded from CRISIL A2+. 
At around 3.00 pm, Apollo Pipes Ltd was trading at Rs604.60 per piece down by Rs14.7 or 2.37% from its previous closing of Rs619.30 per piece on the BSE.
The scrip opened at Rs620 and has touched a high and low of Rs631.70 and Rs603 respectively.

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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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