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Atul surges after CARE reaffirms ‘AA-’ rating to its long term bank facilities

11 Oct 2013 Evaluate

Atul is currently trading at Rs. 354.00, up by 4.10 points or 1.17% from its previous closing of Rs. 349.90 on the BSE.

The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 357.70 and Rs. 350.20 respectively. So far 1804 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 472.25 on 11-Dec-2012 and a 52 week low of Rs. 280.20 on 26-Jun-2013.

Last one week high and low of the scrip stood at Rs. 357.70 and Rs. 326.00 respectively. The current market cap of the company is Rs. 1052.99 crore.

The promoters holding in the company stood at 50.48% while Institutions and Non-Institutions held 7.43% and 42.09% respectively.

Credit rating agency, CARE has reaffirmed ‘AA-’ rating to Atul’s long term bank facilities worth Rs 343.20 crore and ‘A1+’ rating to company’s Short term Bank Facilities worth Rs 88.00 crore. The rating agency has also reaffirmed ‘A1+’ rating to the company’s Commercial Paper (CP) worth Rs 50.00 crore.

The company has received the said rating on the back of its experienced promoters and competent management, established track record and strong position in the chemical industry with diversified product portfolio, its leadership position in some of the high-value products, strong R&D setup, established customer base with sustained improvement in business and financial risk profile aided by gradual shift in its product mix over the last few years.

Atul is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals. The Group is strongly committed to serve the society in the fields of education, health as well as culture. The company operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.

 

Atul Share Price

6723.35 62.55 (0.94%)
23-Apr-2026 16:59 View Price Chart
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