ICRA reaffirms credit ratings of GMM Pfaudler; Stock dips 1.5%

22 Mar 2022 , 03:08 PM

ICRA Limited has re-affirmed the ratings of the bank facilities/debt instruments worth Rs300 crore of GMM Pfaudler Limited. The long-term rating has been reaffirmed at ICRA AA- (Stable) and the short-term rating reaffirmed at ICRA A1+. 

At around 3.10 pm, GMM Pfaudler Ltd was trading at Rs4,405.60 per share up by Rs69.15 or 1.59% from its previous closing of Rs4,336.45 per share on the BSE.

The scrip opened at Rs4,305 and has touched a high and low of Rs4,455 and Rs4,305 respectively.