PI Industries surges 3% after CRISIL reaffirms rating; hits record high

Money Control | Jun 14, 2019 at 1:39 PM
  • Shares of chemical manufacturing company PI Industries gained 3 percent to hit a record high of Rs 1,178 intraday on June 14 after CRISIL reaffirmed its rating on bank facilities.
  • It was quoting at Rs 1,162, up Rs 19.05, or 1.67 percent on the BSE at 13:26 hours IST.
  • Total bank loan facilities of Rs Rs 500 crore (enhanced from Rs 430 crore) rated by the agency included cash credit & working capital demand loan, and letter of credit & bank guarantee.