Godrej Industries is currently trading at Rs 276.00, up by 3.75 points or 1.38% from its previous closing of Rs 272.25 on the BSE.
The scrip opened at Rs 274.80 and has touched a high and low of Rs 278.50 and Rs 273.50 respectively. So far 37170 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 331.95 on 09-Jan-2013 and a 52 week low of Rs 218.50 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs 282.50 and Rs 266.35 respectively. The current market cap of the company is Rs 9266.84 crore.
The promoters holding in the company stood at 74.89% while Institutions and Non-Institutions held 14.95% and 10.16% respectively.
ICRA has assigned the ‘A1+’ rating to Godrej Industries’ Commercial Paper Programme of Rs. 600 crore (enhanced from Rs. 500 crore), with Rs. 540 crore to be issued on a standalone basis and ‘A1+’rating to the additional limit of Rs. 50 crore (now enhanced to Rs. 300 crore).
Instruments with A1+ rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.
The rating agency has assigned ‘MAA’ rating to the Public Deposit of Rs.100 crore. Instruments with MAA rating are considered to have high-credit-quality. Such deposits carry low credit risk.
The rating agency has also assigned the ‘AA’ rating to the additional limit of Rs. 175 crore (now enhanced to Rs. 800 crore).Instruments with AA rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Godrej Industries is part of the Godrej group, one of the leading business groups in India and is in the businesses of Oleo-chemicals, surfactants, finance & investments and estate management. It has substantial interests in several industries including property development, oil palm plantation, animal feeds and agro-products, poultry, personal care and household care etc., through its subsidiaries, associate companies and joint venture.
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