Dhampur Sugar receive ratings from CARE -; Ind-Ra on various bank facilities; stock soars ~5%
India Infoline News Service |
21 Jul, 2022 |
Dhampur Sugar Mills Limited informed that the rating agencies CARE Ratings Limited and India Ratings & Research have affirmed the ratings assigned to companyâ€™s various bank facilities.
CARE Ratings has reaffirmed the rating assigned to the companyâ€™s Long Term Bank Facilities at â€˜CARE A+â€™ with a Stable outlook on the same. Further, CARE reaffirmed the rating assigned to companyâ€™s Fixed Deposit at â€˜CARE A+â€™ as well.
The company informed that its long-term bank facilities and fixed deposits have been removed from credit watch with developing implications and assigned a Stable outlook instead by CARE.
Ind-Ra has reviewed the term loans of the company and assigned an â€˜IND A+â€™ rating with a Stable Outlook. The rating action implies Off RWE.
Ind-Ra rating for fund-based working capital Limits is reaffirmed at â€˜IND A+/Stable/lND A1+â€™.
At around 2.46 PM, Dhampur Sugar Mills was trading at Rs240.60 up by Rs10.65 or 4.63% from its previous closing of Rs229.95 on the BSE. The scrip hit day's high and low of Rs248.75 and Rs234.55 respectively, so far.