Tarsons Products spikes 3% after receiving rating upgrade by CARE

30 Mar 2022 , 01:40 PM

Tarsons Products Limited has informed that on the basis of the rating assessment undertaken by CARE Ratings Limited, the credit rating of the Company has been revised.

CARE ratings have assigned ‘A+’ ratings to the company’s new long-term bank facilities worth Rs2 crore, whereas, the rating for existing long-term facilities worth Rs120.59 crore has been upgraded from ‘A’ to ‘A+’ and the outlook is assigned as Stable.

Short-term bank facilities of the company worth Rs25 crore are assigned an ‘A1’ rating by the rating agency.

Total bank facilities considered for review by CARE stood at Rs147.59 crore.

Tarsons is a leading manufacturer of disposable plastic labware, centrifuge ware, cryo labware, tissue culture ware, liquid handling system, etc.

Tarsons Products is currently trading at Rs682.30 up by Rs20.4 or 3.08% from its previous closing of Rs661.90 on the BSE. Its stock has touched day’s high and low of Rs688.05 and Rs666.50 respectively.