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.
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