Ind-Ra affirms GHCL’s credit rating at IND A1+; stock rises 3%

The rating instrument was for issuance Commercial Paper (CP) of Rs100cr. It has also affirmed IND A+ with Outlook Positive to company’s Long Term Issuer Rating.

Dec 04, 2020 09:12 IST India Infoline News Service

GHCL
India Ratings & Research (Ind-Ra) has affirmed IND A1+ rating to GHCL Limited for issuance of Commercial Paper (CP) of Rs100cr, which shall be carved out of existing working capital facilities.

The credit rating agency (Ind-Ra), has also affirmed IND A+ with Outlook Positive to company’s Long Term Issuer Rating.

The company stock was bullish on Friday after the strong rating by CRISIL. At around 2.45 pm, GHCL Ltd was trading at Rs204.55 per piece up by Rs6 or 3.02% from its previous closing of Rs198.55 per piece on the BSE.
The scrip opened at Rs208.80 and has touched a intrad day high of Rs214.50 and low of Rs203.40 on Friday.

Related Story