Brickworks upgrades TVS Electronics’ long-term rating to ‘BWR A’; stock surges ~1.5%

TVS Electronics Limited knowledgeable that M/s Brickwork Scores India Personal Restricted vide their letter dated twelfth July, 2022 have upgraded the scores -with revision in outlook.

The ranking company has upgraded the long-term ranking to ‘BWR A’ from current ‘BWR A-’. Additional, it has revised the outlook from Constructive to Secure.

Firm’s non-fund based mostly short-term services’ ranking was upgraded to ‘BWR A1’ from current ‘BWR A2+’.

TVS Electronics’ counter ended at Rs205, up by 1.43% towards its earlier shut of Rs202.10 on NSE. It touched intraday excessive and low of Rs209.95 and Rs202.40 respectively thus far.