ICRA is currently trading at Rs. 3813.00, up by 220.30 points or 6.13 % from its previous closing of Rs. 3592.70 on the BSE. The scrip opened at Rs. 3660.00 and has touched a high and low of Rs. 4144.00 and Rs. 3652.65 respectively. So far 8348 shares were traded on the counter.
CRISIL is currently trading at Rs. 2155.00, up by 61.60 points or 2.94 % from its previous closing of Rs. 2093.40 on the BSE. The scrip opened at Rs. 2134.35 and has touched a high and low of Rs. 2240.00 and Rs. 2134.35 respectively. So far 4896 shares were traded on the counter.
Credit Analysis and Research (CARE) is currently trading at Rs. 1251.00, up by 60.20 points or 5.06% from its previous closing of Rs. 1190.80 on the BSE. The scrip opened at Rs. 1199.90 and has touched a high and low of Rs. 1295.00 and Rs. 1195.00 respectively.
Shares of credit rating agencies like ICRA, CRISIL and CARE rallied on the hopes that rating firms may get more business due to the Reserve Bank of India's (RBI’s) new norms on corporate bond markets. The central bank’ decision to open up the corporate bond market will lead to more trading and liquidity in the securities, forcing large companies to borrow more from the bond market instead of from banks, this means ratings agencies will get more issues to rate, as previously non-rated companies make a beeline.
