Bannari Amman Sugars hits new life-time high, surges 17%

Shares of Bannari Amman Sugars (BASL) continued their northward movement, hitting a new high of Rs 2,850. The stock has so far rallied 17 per cent on the BSE in Monday’s intra-day trade and was quoting higher for the fifth straight trading day, zooming 35 per cent in one week. In comparison, the S&P BSE Sensex has risen 4.3 per cent during the period.

On November 30, 2021, BASL announced that  the CARE Ratings reaffirmed the credit ratings for the credit facilities availed by the company from bankers.

The ratings assigned to the bank facilities of BASL continue