Following this development, the scrip opened 7.28 per cent above its previous close of Rs 148.20 on the BSE but soon pared gains and was trading only 1.21 per cent up at Rs 150 around 11.10 am. At the same time, the BSE barometer Sensex was down 0.04 per cent at 49,726.
Recently, on April 6, rating firm Crisil had assigned a rating of CRISIL BBB- with a 'Stable' outlook on the company's long-term cash credit worth Rs 28 crore. At the same time, it had assigned CRISIL A3 on the short-term letter of credit of Rs 2 crore.
Shares of Khadim India
have declined 25 per cent from its 52-week high of Rs 187 touched on March 2, 2021. On a year-to-date (YTD) basis, the stock has jumped 18 per cent as against a 4 per cent rise in the BSE Sensex.
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