Uttam Sugar Mills jumps 2% after CARE revises ratings on its bank facilities

The rating on long-term bank facilities has been revised to CARE BBB; Stable.

Sep 24, 2021 03:09 IST India Infoline News Service

CARE Ratings Limited has revised the ratings for various bank facilities obtained by Uttam Sugar Mills Limited. The rating on long-term bank facilities has been revised from CARE BB+; Stable to CARE BBB; Stable.

The credit rating agency also revised the rating on short-term bank facilities from CARE A4+ to CARE A3.

The company stock was bullish on Friday and at around 3.00 pm, Uttam Sugar Mills Ltd was trading at Rs185 per piece up by Rs3.95 or 2.18% from its previous closing of Rs181.05 per piece on the BSE.
The scrip opened at Rs189.50 and has touched a high and low of Rs190.10 and Rs184 respectively.

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