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Acuité Ratings upgrades ratings of Mukand Ltd

Acuité Ratings upgrades ratings of Mukand Ltd
Posted On:
2021-04-13 20:46:08
(Time Zone: Arizona, USA)
Acuité Ratings & Research Limited( ACUITE ) vide its letter dated 13th April, 2021, has intimated about revision / upgrade in the Ratings of various credit facilities / exposures of Mukand Ltd as below:
Total Fixed Deposits Rated - Rs. 120.48 Crore
Fixed Deposit Rating - ACUITE FA / Outlook: Stable (Upgraded from FBB/Negative)
Total Bank Facilities Rated - Rs. 1,045.48 Crore
Long Term Rating - ACUITE BBB-/ Outlook: Stable (Upgraded from ACUITE BB/Negative)
Short Term Rating - ACUITE A3 (Upgraded from ACUITE A4+)
The rating upgrade and revision in the outlook from Negative to Stable is driven by the company s significant progress in land parcel monetization and disinvestment in a joint venture company while utilizing the proceeds to repay the outstanding debt from lenders and group companies, thereby improving on the financial ris ....

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Stocks to buy: Sensex surges! Stocks that gained over 10%

Stocks to buy: Sensex surges! Stocks that gained over 10%
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Mukand Ltd shares surge 20% after company announces transfer of leasehold land

Mukand Ltd shares surge 20% after company announces transfer of leasehold land
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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Mukand Ltd posts consolidated net profit of Rs. 64.53 crores in Q3 FY2020-21

Mukand Ltd posts consolidated net profit of Rs. 64.53 crores in Q3 FY2020-21 ....

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market outlook: Ahead of Market: 12 things that will decide stock action on Friday

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NEW DELHI: Nifty breached its 14,000 levels and touched its all-time high in the intraday session on Thursday and formed an indecisive candle on the daily chart. The 50-pack formed consecutive indecisive candles in the recent sessions, which signals towards caution that is being employed by the market participants with consistent profit booking and buying on dips approach.
Ajit Mishra, VP - Research at Religare Broking opined, investors would await the auto sales numbers and PMI data as it would help in gauging the economic recovery. Further, global cues are likely to dictate the trend for the markets in the near term. We reiterate our cautious stance on the markets. ....

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