Bodal Chemicals has been showing a lot of momentum since 28th March, hitting new 52-week highs consistently. Today too, it hit a new high at Rs.75 and remains around the same levels. Volumes though remain muted at around 1.9 lakh shares traded today compared to two-week average volume of almost 4 lakh shares.

The company has informed that rating agency, CARE upgraded its debt ratings. The long term debt rating was up from BBB+ to A- and that for short term has gone up from A2 to A2+.

The company is one of the leading manufacturers of dyes, dye intermediates and basic chemicals.