Jain Irrigation shares plunge 16% after Fitch downgrades long term issuer rating
Updated : July 30, 2019 11:10 AM IST
Jain Irrigation Systems shares tanked about 16 percent to day's low of Rs 21.40 on Tuesday after Fitch Ratings downgraded the company’s long-term issuer default rating to ‘CCC-‘ from ‘B-' rating earlier.
At 11:10 AM, the stock was down 13.15 percent to Rs 20.15 per share on the National Stock Exchange.
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