APL Apollo gains 2% after CRISIL reaffirmed ratings - Highlight Investment Research

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Friday 21 June 2019

APL Apollo gains 2% after CRISIL reaffirmed ratings

Shares of APL Apollo Tubes were trading 2% higher on Friday after CRISIL ratings reaffirmed ratings on the company’s long term and short-term facilities.
 

Accordingly, the rating agency reaffirmed ratings on Long Term Fund based limits and Short term at CRlSlL AA-/Stable and CRISIL A1+, respectively after reviewing the rating based on the Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2019, the company said in a press note released after markets hours to the exchanges on Thursday.

 

APL Apollo Tubes Ltd is currently trading at Rs1,537.90 down by Rs11.85 or 0.76% from its previous closing of Rs1,549.75 on the BSE. 

 

The scrip opened at Rs1,556.80 and has touched a high and low of Rs1,561.70 and Rs1,537.90 respectively. So far 1,125 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs3,758.20cr.

 

NIFTY TRADING TIPS

 

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