Paras Defence and Space Tech hits new high after ICRA assigns A-/ Stable rating to cash credit facility

The cash credit facility obtained from Kotak Mahindra Bank is rated on the long-term scale.

Oct 05, 2021 01:10 IST India Infoline News Service

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ICRA Limited has assigned an A- rating to the cash credit facility of Paras Defence and Space Technologies Limited on a long-term scale, obtained from Kotak Mahindra Bank Limited and the outlook is Stable.

The rating on Cash Credit Rs25cr of the company has been assigned at ICRA A- / Stable by the credit rating agency.

At around 1.22 pm, Paras Defence and Space Technologies Ltd was trading at fresh 52-week high of Rs549.80 per piece up by Rs26.15 or 4.99% (upper circuit) from its previous closing of Rs523.65 per piece on the BSE.

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