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TRF gains on CARE reaffirming ratings of its CP/ STD programmes

18 Aug 2011

TRF is currently trading at Rs. 355.10, up by 1.00 points or 0.28% from its previous closing of Rs. 354.10 on the BSE.

The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 360.40 and Rs. 348.00 respectively. So far 8650 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 970.00 on 06-Oct-2010 and a 52 week low of Rs. 315.00 on 08-Aug-2011.

Last one week high and low of the scrip stood at Rs. 396.00 and Rs. 346.25 respectively. The current market cap of the company is Rs. 394.12 crore.

The promoters holding in the company stood at 39.62% while Institutions and Non-Institutions held 10.95% and 49.43% respectively. 

Credit rating agency, CARE has reaffirmed A1+ rating to Rs 90 crore Commercial Papers (CP) /Short Term Debt (STD) programmes of TRF.

The reaffirmation of rating takes into consideration long and satisfactory track record of the company, strong group support, proven project execution capability with strong technical tie-ups, reputed clientele, captive construction equipment and Material Handling Equipment (MHE) production facilities and satisfactory order book and financial position with comfortable leverage.

TRF, incorporated in 1962, belongs to Tata group and is engaged in the business of design, manufacture, supply, installation and commissioning of engineered-to-order equipment and systems.

TRF Share Price

119.50 -2.85 (-2.33%) Sep 17, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323