122% return in year: FMCG stock in focus after update on credit rating

Shares of FMCG (fast-moving consumer goods) company GRM Overseas are in focus as the company has shared an update related to the credit rating on its bank facilities. GRM Overseas, which is listed on both National Stock Exchange and BSE, has informed exchanges that Acuite Ratings & Research Limited has reaffirmed the long-term rating of ‘Acuite A-’ (Acuite A minus) and short-term rating of 'Acuite A2+' (Acuite A two plus) on its Rs 312 crore bank facilities and said that the outlook is 'stable'.

Business