Ind-Ra revises ‘Positive’ outlook of JK Paper’s long-term bank facilities; stock gains ~1%

JK Paper Limited knowledgeable that the ranking company India Rankings and Analysis (lnd-Ra) has revised Firm’s Outlook to Constructive from Steady and affirmed its long-term issuer ranking at ‘IND AA-’.

The ranking company has affirmed the ‘IND AA-’ ranking to firm’s time period mortgage value Rs314 crore. It has revised the outlook to ‘Constructive’. The quantity of the time period mortgage has been diminished from Rs326 crore to Rs314 crore.

Ind-Ra reviewed the corporate’s devices together with fund-based limits value Rs250 crore, non-fund-based limits value Rs370 crore, and time period deposits value Rs30 crore.

Ind-Ra has affirmed the ‘IND A1+’ ranking on the corporate’s industrial paper value Rs100 crore.

At round 3.03 PM, JK Paper was buying and selling at Rs423.65 up by 0.97% from its earlier closing of Rs419.60 on the BSE. The scrip touched day’s excessive and low of Rs433 and Rs420.30 respectively, to date.