CARE revises outlook of long-term credit facilities of Radico Khaitan; Stock up 1%

CARE Rating Limited has revised the outlook of the long-term credit facilities of Radico Khaitan Limited from Stable to Positive.

The rating on long-term bank facilities of the company has been reaffirmed at CARE AA- and revised outlook to Positive from Stable, the company said in a filing on Tuesday.

The company stock was in the green despite the ebarish markets on Wednesday. At around 12.18 PM, Radico Khaitan Ltd was trading at Rs835.90 per piece up by Rs9.75 or 1.18% from its previous closing of Rs826.15 per piece on the BSE.

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The scrip opened at Rs832.55 and has touched a high and low of Rs841.55 and Rs821.50 respectively, during intraday trade on Wednesday.