Ruchira Papers' credit rating upgraded to CARE BBB+

In a period of one year the stock has delivered 161.04%, outperforming the BSE Small-cap index and the BSE FMCG index over the same time span.

Feb 27, 2017 01:02 IST India Infoline News Service

Ruchira Papers, today announced that the company has received revised credit ratings. The credit ratings of the company have been upgraded from CARE BBB (TRIPLE B) to CARE BBB+; STABLE (TRIPLE B PLUS; OUTLOOK: STABLE) assigned to long term facilities; and CARE BBB+/CARE A3+ (TRIPLE B+/ A THREE PLUS) assigned to short term facilities of the company.
 
In a period of one year the stock has delivered 161.04%, outperforming the BSE Small-cap index and the BSE FMCG index over the same time span.
 
Ruchira Papers Limited is an India-based company, which is engaged in offering paper and paper products. The Company is engaged in the process of manufacturing the writing and printing paper, and Kraft paper.
 
The Company's white writing and printing paper is used in the fabrication of note books and writing material; and the coloured paper is used in the fabrication of spiral notebooks, wedding cards, shade cards, children's colouring books, coloured copier paper and bill books.

Stock view:-

Ruchira Papers Ltd is currently trading at Rs 138, up by Rs 7.8 or 5.99% from its previous closing of Rs 130.2 on the BSE.

The scrip opened at Rs 138.2 and has touched a high and low of Rs 138.5 and Rs 134.6 respectively. So far 251024(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 291.91 crore.


The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 143.4 on 27-Jan-2017 and a 52 week low of Rs 51.4 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 132.6 and Rs 127 respectively.

The promoters holding in the company stood at 61.07 % while Institutions and Non-Institutions held 0.83 % and 38.1 % respectively.

The stock is currently trading above its 50 DMA.

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