CRISIL revises outlook of Pudumjee Paper Products to Positive from Stable; Stock slips 3%

23 Mar 2022 , 03:02 PM

CRISIL Limited has revised the rating of Pudumjee Paper Products Limited on total bank loan facilities rated Rs250 crore. The long-term rating is reaffirmed at CRISIL A- and Outlook revised from Stable to Positive.

The credit rating agency also reaffirmed the short-term rating at CRISIL A2+. The rating on Rs50 crore Fixed Deposits was reaffirmed at FA and Outlook revised from Stable to Positive.

At around 3.05 pm, Pudumjee Paper Products Limited was trading at Rs39.75 per piece down Rs1.25 or 3.05% on the BSE.