Dishman Pharmaceuticals' stocks tumbled over 4% at Rs 325.50 per share on BSE as bourses are nearing their Tuesday’s close.The pharma shares opened at Rs 341 per share, touched a high of Rs 342 per share; and a low of Rs 322 per share.
The company today received upgraded credit ratings by India Ratings & Research Pvt. Ltd.
The company has received IND A1 + ratings on Short Term facilities (Non- fund Based & Commercial Paper), IND A+/Stable ratings on long term facilities (Term Loan) & IND A+/Stable/ IND A1+ rating on Long Term Facilities/ Short Term facilities (Fund Based/Working Capital).
Dishman Pharmaceuticals and Chemicals Limited operates as an outsourcing partner for the pharmaceutical industry. The Company manufactures and supplies intermediates, fine chemicals and various products for pharmaceutical, cosmetic and related industries.