CRISIL places Ashoka Buildcon outlook under watch with developing implications; Stock dips 2%

7 Jan 2022 , 03:06 PM

CRISIL Ratings Limited has revised the Credit Ratings for both long-term and short-term debt of Ashoka Buildcon Limited at ‘CRISIL AA- and CRISIL A1+’ respectively.

However, the outlook on the rating has been revised from ‘Stable to Watch with Developing Implications’, the company said in a filing on Friday.

At around 3.08 pm, Ashoka Buildcon Ltd was trading at Rs102.60 per piece down by Rs2.5 or 2.38% from its previous closing of Rs105.10 per piece on the BSE.