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Sangam (India) Limited ( (IN:SANGAMIND) ) has provided an update.
Sangam (India) Limited announced that India Ratings and Research has downgraded its bank loan facilities from ‘IND A’ to ‘IND A-‘ with a stable outlook. This rating change reflects a shift in the company’s credit profile, which may impact its borrowing costs and investor perceptions. The downgrade could influence the company’s financial strategies and market positioning, potentially affecting stakeholders’ confidence.
More about Sangam (India) Limited
Sangam (India) Limited operates in the textile industry, offering a range of products including yarn, fabric, and garments. The company is focused on both domestic and international markets, leveraging its manufacturing capabilities to serve a diverse clientele.
Average Trading Volume: 4,915
Technical Sentiment Signal: Strong Buy
Current Market Cap: 21B INR
See more data about SANGAMIND stock on TipRanks’ Stock Analysis page.