Poddar Housing gets BBB-/ stable rating for new project; stock up 4%

Infomerics Valuation and Rating Pvt Ltd has evaluated Poddar Spraha Diamond project and given the rating.

Sep 24, 2020 10:09 IST India Infoline News Service

Infomerics Valuation and Rating Pvt Ltd has assigned BBB- with stable outlook to Poddar Housing and Development Limited for its project Poddar Spraha Diamond.

“Infomerics Valuation and Rating Pvt Ltd had assigned Credit Rating BBB- (Outlook Stable) for our project ‘Poddar Spraha Diamond’ located at Chembur Mumbai. 

The company trade ended on Wednesday at Rs163.90 up by Rs6.9 or 4.39% from its previous closing of Rs157 on the BSE.The stock is yet to trade on on a gloomy Thursday.

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