Astral stock jumps after block deal of 13.2 lakh shares; 0.5% stake sold
On Tuesday, credit rating agency Crisil also revised Astral's long-term bank facilities' credit rating to Crisil AA/positive from Crisil AA/stable. The credit agency reaffirmed the company's short-term facilities' rating of Crisil A1+.
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Astral Share Price: Astral Ltd shares traded higher in morning trade on BSE on Wednesday (December 20, 2023) after the building materials and equipment manufacturer struck a block deal of 13.2 lakh shares in the pre-open market session.
The Astral Ltd stock was trading higher by 1.18 per cent, or Rs 22.55, at Rs 1932, at 10:06 am on Wednesday.
In the block deal, a 0.5 per cent stake of Astral has been sold.
Crisil revises Astral's credit rating
On Tuesday, credit rating agency Crisil also revised Astral's credit rating.
The rating agency upgraded its rating for Astral's long-term bank facilities to Crisil AA/positive from Crisil AA/stable.
The credit agency reaffirmed Astral's short-term facilities' rating of Crisil A1+.
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