Trident Soars Over 6% On Rating Upgrades

Shares of Trident, a diversified group of businesses headquartered in Ludhiana, rose over 6 per cent on the Bombay Stock Exchange after Credit Analysis & Research Ltd (CARE) and CRISIL upgraded the long-term and short term bank facilities of the company.

Trident Soars Over 6% On Rating Upgrades
Trident: Quotes, News
BSE 59.25BSE Quote1.3 (2.19%)
NSE 59.25NSE Quote1.3 (2.19%)
Boosted by rating upgrades, shares of company gained as much as 6.25 per cent in intra-day to trade at Rs 61.20 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 4.27 per cent to Rs 59.85 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,724.04, up 50.44 points, or 0.18 per cent, at 11:05 hours.

Read more about: trident
Story first published: Monday, October 17, 2016, 12:50 [IST]
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