Strength in DHFL even after CRISIL reduced ratings on commercial papers

Today, the non-banking financial company (NBFC) DHFL shares is getting around 2.5% strength.

Describe that rating agency CRISIL (CRISIL) has reduced the CRISIL A1 from the CRISIL A1 + to the commercial papers of the company’s Rs 1,525 crore (reduced from Rs 8,000 crore on the company’s request) and short-term deposits of Rs 1,000 crore. Also Crisil has maintained a negative attitude to the company. 

At the same time, another rating agency Care (CARE) withdrew the rating on its commercial paper program on the request of DHFL. There is no outstanding balance on the company under this program.

On the other hand, DHFL’s share in the BSE has risen up to Rs 132.45 in opening business at Rs 127.20 today with a slight increase in the previous close of Rs 127.20. The transaction is going on at Rs 130.35 with the firmness of Rs 3.15 or 2.48% in the company shares of around 10 pm. In the last 52 weeks, the highest share of the company’s stock is Rs 690.00 and the lowest level is 97.00 rupees.

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