Gravita India's Credit Outlook Revised to Positive by India Ratings and Research
Gravita India Limited has seen a favorable revision of its credit outlook from India Ratings and Research Pvt Ltd regarding its bank loan facilities. The rating agency confirmed the rating while upgrading the associated outlook for the company.The review pertains to the bank loan facilities provided to Gravita India Limited, with an outstanding amount specified at 150.00 Rs. Cr.
According to the details provided by India Ratings and Research Pvt Ltd, Gravita India Limited maintained its current rating while receiving a revision in the outlook for the instrument type "Bank loan facilities." The agency affirmed the existing rating but shifted the associated outlook status.
The key financial and rating details are summarized below:
| Name of Company | Credit Rating Agency | Instrument Type | Amount (Rs. Cr.) | Existing Rating Outlook | Revised Rating Outlook |
|---|---|---|---|---|---|
| Gravita India Limited | India Ratings and Research Pvt Ltd | Bank loan facilities | 150.00 | IND AA- /Stable/IND A1+ | IND AA- /Positive /IND A1+ (Affirmed, Outlook Revised to Positive) |
GRAVITA Stock Price Movement
Shares of Gravita India Limited are shedding 1.08% in live trading as of 3:23 PM, with the equity currently standing at ₹1562.8. The stock is seeing significant activity, supported by a traded volume of 104,374 shares during the current market session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.