Credit rating agencies in focus; CARE Ratings surges 19%, ICRA 10%

Most of the credit rating agencies had reported de-growth in their operational revenue during the first half of financial year 2019-20 (FY20).

Shares of credit rating agencies were in focus with all three listed companies – CARE Ratings, Crisil and Icra rallying up to 19 per cent on the BSE on Tuesday on the back of heavy volumes. The S&P BSE Sensex was down 0.42 per cent at 41,384 points.

CARE Ratings zoomed 19 per cent to Rs 648 in the intra-day trade. The trading volumes on the counter jumped multiple-fold with a combined 2.4 million equity shares, representing 8 per cent of total equity of the company, changed hands on the NSE and BSE so far. On an average, sub