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Lokesh Machines Ltd ( (IN:LOKESHMACH) ) has shared an announcement.
Lokesh Machines Limited announced a revision in its credit ratings by CARE Ratings Ltd for its long-term and short-term banking facilities. The long-term facilities rating was reaffirmed at ‘CARE BBB’ with a revised outlook from Stable to Negative, while the short-term facilities rating was reaffirmed at ‘CARE A3+’. This change in credit rating reflects potential concerns about the company’s financial stability, which may impact its borrowing capabilities and stakeholder confidence.
More about Lokesh Machines Ltd
Lokesh Machines Limited operates in the machinery industry, providing a range of products and services related to machine tools and automation solutions. The company focuses on manufacturing and supplying high-precision machinery and equipment, catering to various industrial sectors.
YTD Price Performance: -43.12%
Average Trading Volume: 8,851
Current Market Cap: 3.37B INR
For detailed information about LOKESHMACH stock, go to TipRanks’ Stock Analysis page.