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Trident zooms 10% on CARE rating upgrade

The stock has hit a high of Rs 27.05 and a low of Rs 25.00 so far during the day

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SI Reporter Mumbai
Last Updated : Aug 25 2014 | 12:06 PM IST
Trident has surged 10% to Rs 26.70 on BSE after the company said that its credit ratings have been upgraded by Credit Analysis & Research (CARE) to A-.

On BSE, so far 1.93 lakh shares were traded in the counter, compared with an average volume of 2.66 lakh shares in the past one quarter.

The stock has hit a high of Rs 27.05 and a low of Rs 25.00 so far during the day.

Trident said credit ratings on its long tem bank facilities of Rs 3342.39 crore have been upgraded by Credit Analysis & Research (CARE) as CARE A- (Single A Minus). Credit ratings on long/short term bank facilities of Rs 1000 crore have been upgraded to CARE A- /CARE A2+ (Single A Minus / A Two Plus).

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First Published: Aug 25 2014 | 12:04 PM IST

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