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ICRA upgrades long-term rating of Hikal to A+ with Stable outlook

The credit rating agency reaffirmed the company’s short-term credit rating at A1.

December 15, 2021 3:55 IST | India Infoline News Service
Hikal
ICRA Limited has upgraded the long-term credit rating of Hikal Limited and reaffirmed the short-term credit rating. The long-term rating has been upgraded to ICRA+ A (Stable) from ICRA A (Positive). The short-term rating of the company has been reaffirmed at ICRA A1.

Hikal Ltd stock trade on Wednesday ended at Rs534 per piece up by Rs3.2 or 0.6% from its previous closing of Rs530.80 per piece on the BSE.
The scrip opened at Rs541 and has touched a high and low of Rs541 and Rs524.15 respectively.

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