According to the rationale report, the upgrade reflects improvement in the business and financial risk profiles of the company.
The ratings reflect the established market position of the company, its efficient working capital management and moderate capital structure. These strengths are partially offset by average debt protection metrics, vulnerability to fluctuations in raw material prices and foreign exchange (forex) rates.
On Thursday, at around 12:48 PM, Damodar Industries was trading at Rs70.60 apiece up by Rs3.55 or 5.29% on the BSE.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.