The short-term rating for Bank lines was reaffirmed at ICRA A1. Medium Term rating (Fixed deposit Rs180cr) was reaffirmed at MA+ and outlook revised to stable from negative.
The rating on Medium Term rating (Fixed deposit Rs30cr) was assigned MA+ and outlook is stable. For Commercial Paper rating was reaffirmed at ICRA A1, company said in a regulatory filing on Thursday.
Wheels India Ltd trade on Monday ended at Rs455.10 per piece down by Rs4.2 or 0.91% from its previous closing of Rs459.30 per piece on the BSE.