Sunday, December 22, 2024
HomeUncategorizedUttam Sugar Mills jumps 2% after CARE revises ratings on its bank...

Uttam Sugar Mills jumps 2% after CARE revises ratings on its bank facilities

CARE Ratings Limited has revised the ratings for various bank facilities obtained by Uttam Sugar Mills Limited. The rating on long-term bank facilities has been revised from CARE BB+; Stable to CARE BBB; Stable.

The credit rating agency also revised the rating on short-term bank facilities from CARE A4+ to CARE A3.

The company stock was bullish on Friday and at around 3.00 pm, Uttam Sugar Mills Ltd was trading at Rs185 per piece up by Rs3.95 or 2.18% from its previous closing of Rs181.05 per piece on the BSE.

The scrip opened at Rs189.50 and has touched a high and low of Rs190.10 and Rs184 respectively.

The above news was originally posted on www.indiainfoline.com

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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