CRISIL Revises Credit Ratings for Hariom Pipe Industries Ltd
CRISIL Ratings Limited has revised the credit ratings assigned to banking facilities belonging to Hariom Pipe Industries Ltd. The updates cover both Fund Based and Non-Fund Based arrangements, indicating changes in their stability status.The revisions pertain to the company's existing financial facilities, as detailed by CRISIL.
According to the updated data, the rating for the Fund Based facility with a Long Term tenure has been revised from CRISIL A-/Watch Developing to CRISIL A-/Stable. For Non-Fund Based Short Term facilities, the rating remains CRISIL A2+.
The specific ratings related to Hariom Pipe Industries Ltd are presented below:
| Bank Facility | Tenure | Previous Ratings | Latest Ratings |
|---|---|---|---|
| Fund Based | Long Term | CRISIL A-/Watch Developing | CRISIL A-/Stable |
| Non-Fund Based | Short Term | CRISIL A2+/Watch Developing | CRISIL A2+ |
HARIOMPIPE Stock Price Movement
Hariom Pipe Industries Limited shares slipped as of the close on Thursday, shedding ₹5.30 or 1.37% to settle at ₹382.60. The stock traded down during the session, hitting a daily low of ₹380.10 amidst 87,347 shares being transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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