CRISIL Ratings has reaffirmed its ‘CRISIL B+/Stable’ rating on the long term bank loan facilities of Scoobee Day Garments India Limited (Former name -Victory Paper and Boards India Ltd) and reassigned its ‘CRISIL A4’ rating on the short-term bank loan facility.
As per rationale report, the rating reflects SDGIL’s nascent stage of operations and weak operating efficiencies.
These weaknesses are partially offset by the extensive industry experience of the promoter and funding support from promoters and group companies.
At around 2:24 PM, Scoobee Day Garments India was trading at Rs155 per share up by Rs5 or 3.33% against its previous closing of Rs150 per share on the BSE.
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