 "Thomas Cook rises on NCD rating upgrade")
Rating agency ICRA has upgraded the Rs 200 crore NCD programme to 'ICRA AA/Stable' from 'ICRA AA-/Stable', assigned earlier, the company said in a release.
"The rating of 'AA' from ICRA is a reassurance of our sound business fundamentals and efficient execution. The ICRA rating represents our strong market credibility and sound financial management," said Madhavan Menon, managing director, Thomas Cook (India) Ltd.
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The stock opened at Rs 220 and touched a intra-day high of Rs 226. At 12:15PM, Over 121,000 shares were traded on both the stock exchanges.
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