KDDL clocks a good run
By
Research Desk
about 9 years ago
KDDL whose website goes under the name of Kamaladials, is into the manufacture of watch dials, watch hands, precision engineering and sells Swiss watches under the retail chain name – Ethos.
The company yesterday announced that rating agency CRISIL has upgraded the Credit Rating of the Company w.e.f. December 15, 2015 for Long Term Bank Loan Facilities from 'CRISIL BBB-/Stable' to 'CRISIL BBB/Stable'.
It improved rating for its Short Term Bank Loan Facilities also - from 'CRISIL A3' to 'CRISIL A3+.
The stock price is reacting to this news and with a volume of some 9000-odd shares today, price is up over 3.5% at Rs.316, closer to the high-point of the day of Rs.318.