CARE reaffirms rating on Cera Sanitaryware's bank facilities worth Rs100 crore; stock rises

30 Aug 2022 , 03:06 PM

Cera Sanitaryware Limited informed that the rating agency CARE Rating Limited has reaffirmed the ratings assigned to the company’s bank facilities worth Rs100 crore.

CARE ratings reaffirmed the ‘CARE AA’ rating on the company’s long-term facilities worth Rs56 crore. The outlook assigned is ‘Stable’.

Further, ratings to the short-term bank facilities have been reaffirmed at ‘CARE A1+’. These facilities are worth Rs44 crore.

At around 3.04 PM, Cera Sanitaryware was trading at Rs4,990 apiece, up by 0.54% against the previous close of Rs4,963 on BSE. It touched intraday high and low of Rs5,039.40 and Rs4,940 respectively.

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