Safari Industries surges as CRISIL reaffirms credit rating of company

01 Apr 2020 Evaluate

Safari Industries is currently trading at Rs. 415.45, up by 14.15 points or 3.53% from its previous closing of Rs. 401.30 on the BSE.

The scrip opened at Rs. 394.05 and has touched a high and low of Rs. 415.45 and Rs. 391.50 respectively. So far 38 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 752.40 on 04-Apr-2019 and a 52 week low of Rs. 295.45 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 439.50 and Rs. 360.00 respectively. The current market cap of the company is Rs. 929.11 crore.

The promoters holding in the company stood at 56.69%, while Institutions and Non-Institutions held 23.86% and 19.45% respectively.

The rating agency -- CRISIL has reaffirmed credit rating on bank facilities of Safari Industries (India). The Total Bank Loan Facilities Rated to Rs 150 crore (Enhanced from Rs.90 Crore). The rating agency has reaffirmed company’s Long Term Rating as A-/Stable (Outlook Revised from 'Positive' and Rating Reaffirmed) and Short Term Rating as A2 +.

Safari Industries (India) is engaged in the manufacture of injection-moulded plastic articles and vacuum-formed plastic articles.

Safari Industries(I) Share Price

2612.90 -75.35 (-2.80%)
23-Dec-2024 10:00 View Price Chart
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