Tata Chemicals surges 3.5% after CARE reaffirms its credit ratings

The credit rating agency has reaffirmed CARE AA+ with a Stable outlook for the company’s long-term bank facilities.

Jul 02, 2021 10:07 IST India Infoline News Service

CARE Ratings has reaffirmed Tata Chemicals Limited credit ratings. The credit rating agency has reaffirmed CARE AA+ with a Stable outlook for the company’s long-term bank facilities of Rs1,897cr and CARE A1+ for short-term bank facilities of Rs2,448cr.

At around 10.14 am, Tata Chemicals Ltd was trading at Rs748.30 up Rs25.45 or 3.52% from its previous closing of Rs722.85 per piece on the BSE.
The scrip opened at Rs723 and has touched a high and low of Rs749.05 and Rs723 respectively during intraday trade on Friday.

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