 "organic")
Shares of Fine Organic Industries soared 6 per cent to hit a new high of Rs 2,235 on the BSE on Monday in an otherwise weak market after ICRA upgraded its credit ratings of the company. The stock of specialty chemicals surpassed its previous high of Rs 2,186 touched on November 14, 2019.
ICRA upgraded the long-term rating of the company to AA- from A+ and reaffirmed the short term rating at A1+.
“The upgrade in long-term rating of Fine Organic Industries favourably factors in the healthy improvement in scale of operations and cash accruals in FY2019 and
ICRA upgraded the long-term rating of the company to AA- from A+ and reaffirmed the short term rating at A1+.
“The upgrade in long-term rating of Fine Organic Industries favourably factors in the healthy improvement in scale of operations and cash accruals in FY2019 and
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