CRISIL reaffirms rating for bank facilities of Solar Industries India; Stock jumps 3%

21 Mar 2022 , 12:12 PM

CRISIL Ratings Limited has reaffirmed the rating for the bank facilities of Solar Industries India Limited. The rating on the long-term facilities Rs1279. 5 crore (enhanced from Rs1080.5 crore) has been reaffirmed at CRISIL AA+/Stable.

For the short-term bank facilities and Commercial Paper Rs50 crore, CRISIL A1+ rating has been reaffirmed.

At around 12.14 pm, Solar Industries India Ltd was trading at Rs2,662.90 per piece up by Rs76.1 or 2.94% from its previous closing of Rs2,586.80 per piece on the BSE.

The scrip opened at Rs2,575 and has touched a high and low of Rs2,698 and Rs2,575 respectively.