CARE reaffirms credit rating on commercial paper of Shree Cement

5 Jan 2022 , 09:45 AM

CARE Ratings Limited has reaffirmed the rating of Shree Cement Limited. The rating on commercial paper (carved out of the sanctioned working capital limits of the Company) Rs400cr has been reaffirmed at CARE A1+.

At around 9.46 am, Shree Cement Ltd. was trading at Rs27,093.10 per piece up by Rs176.35 or 0.66% from its previous closing of Rs26,916.75 per piece on the BSE.

The scrip opened at Rs27,079.95 and has touched a high and low of Rs27,209.35 and Rs26,900 respectively.