Piramal Healthcare surges on getting A1+ rating from ICRA for CP/ STD programme

18 Jun 2012 Evaluate

Piramal Healthcare is currently trading at Rs. 490.05, up by 4.55 points or 0.94% from its previous closing of Rs. 485.50 on the BSE.

The scrip opened at Rs. 490.00 and has touched a high and low of Rs. 492.00 and Rs. 481.00 respectively. So far 16023 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 562.50 on 02-Apr-2012 and a 52 week low of Rs. 340.00 on 30-Nov-2011.

Last one week high and low of the scrip stood at Rs. 493.00 and Rs. 441.25 respectively. The current market cap of the company is Rs. 8469.40 crore.

The promoters holding in the company stood at 53.07% while Institutions and Non-Institutions held 26.49% and 20.44% respectively.

Piramal Healthcare has received A1+ rating from rating agency ICRA for its enhanced Rs 3,500 crore worth of Commercial Paper (CP)/ Short Term Debt (STD) programme of the company. The rating agency also has an outstanding rating of AA rating on Rs 150 crore Non Convertible debenture (NCD) programme and Rs 300 crore long term fund based limits. The long term rating carries stable outlook.

Further, ICRA has A1+ rating outstanding on Rs 300 crore short term non-fund based limit and Rs 200 crore short term fund based limits. The fund based facilities are interchangeable between long-term and short-term exposures and the total fund based utilization should not exceed Rs 300 crore

The company has received the said ratings on the back of its strong and experienced management team with track record of successfully scaling up businesses and generating adequate returns.

Piramal Enterprises Share Price

882.55 17.25 (1.99%)
13-Jun-2024 11:13 View Price Chart
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