Khadim India rises for fourth day, jumps 7% on credit rating tweak

Khadim India shares extended their winning run to the fourth day in a row and jumped over 7 per cent in intra-day trade on Friday to hit a high of Rs 159 on the BSE following a change in the credit rating of the company by rating agency ICRA. 

ICRA has revised long term credit rating on the company's overall borrowings of Rs 204 crore to BBB- from BBB, although, it tweaked the outlook to 'Stable' from 'Negative'. The short term rating on the company's borrowings was revised to A3 from A3+ by ICRA, said the company in its BSE filing.

ICRA