 "ratings, downgrade, credit market, performance,")
Shares of CARE Ratings hit a 52-week high of Rs 696 after they rallied 16 per cent on the BSE in intra-day trade on Tuesday. In the past three days, the scrip has surged 22 per cent after the company reported a strong set of numbers for the March quarter (Q4FY21).
For the fourth quarter of the financial year 2020-21 (Q4FY21), CARE Rating’s consolidated net profit rose by 69 per cent year-on-year (YoY) to Rs 26.49 crore as against Rs 15.68 crore in Q4FY21. Total income increased by 16.14 per cent YoY from Rs 73.41 crore to Rs 85.25 crore during
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