Butterfly Gandhimathi up 20% as CRISIL upgrades rating for bank facilities

The stock was locked in upper circuit of 20% at Rs 299 on the BSE, after the credit rating agency revised its outlook on the long-term bank facilities of the company to 'Positive' from 'Stable'.

Shares of Butterfly Gandhimathi Appliances were locked in the upper circuit of 20% at Rs 299 on the BSE, after the credit rating agency CRISIL revised its outlook on the long- term bank facilities of the company to 'Positive' from 'Stable’.

Till 03:00 pm, around 28,000 equity shares changed hands and there were pending buy orders for 6,989 shares on the BSE, the exchange data shows.

The stock of the leading manufacturer of kitchen and electrical appliances has rallied 22% in the past four trading days. In comparison, the S&P BSE Sensex was up 2% during the same