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Gokaldas Exports spurts 8% on upgrade in credit ratings of LOC by ICRA

The rating agency upgraded the long-term rating for LOC of the company to ICRA A- (Positive). The outlook has been revised to Positive from Stable.

December 28, 2021 12:48 IST | India Infoline News Service
ICRA Limited has upgraded the long-term rating for Rs425cr Line of Credit (LOC) of Gokaldas Exports Limited to ICRA A- (Positive) from ICRA BBB (Stable). The outlook has been revised to Positive from Stable.

Similarly, the rating agency has upgraded the short-term rating for the LOC to ICRA A2+ from ICRA A3+.

At around 12.50 pm, Gokaldas Exports Ltd was trading at Rs335.35 per piece up by Rs24.55 or 7.9% from its previous closing of Rs310.80 per piece on the BSE.
The scrip opened at Rs316 and has touched a high and low of Rs338.10 and Rs314.90 respectively.

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