RSWM announced that India Ratings & Research has revised the Long Term and Short Term Credit Rating of the Company as follows :

Term Loans : Rating of 'IND A' has been affirmed. The outlook has been revised to Negative from Stable earlier.

Fund Based Working Capital : Long Term rating of 'IND A' has been affirmed. Short Term rating of 'IND A1' has been affirmed. The Outlook has been revised to Negative from Stable earlier.

Non Fund-Based Working Capital : Long Term rating of 'IND A' has been affirmed. Short Term rating of 'IND A1' has been affirmed. The Outlook has been revised to Negative from Stable earlier.

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Net loss of RSWM reported to Rs 28.53 crore in the quarter ended December 2018 as against net profit of Rs 9.21 crore during the previous quarter ended December 2017. Sales declined 12.44% to Rs 689.40 crore in the quarter ended December 2018 as against Rs 787.37 crore during the previous quarter ended December 2017.

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RSWM will hold a meeting of the Board of Directors of the Company on 13 February 2019.

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Gujarat Apollo Industries Ltd, Hercules Hoists Ltd, State Trading Corporation of India Ltd and Kanoria Chemicals & Industries Ltd are among the other gainers in the BSE's 'B' group today, 17 December 2018.

RSWM Ltd surged 14.39% to Rs 260.8 at 12:03 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 65780 shares were traded on the counter so far as against the average daily volumes of 6898 shares in the past one month.

Gujarat Apollo Industries Ltd spiked 13.36% to Rs 181.1. The stock was the second biggest gainer in 'B' group. On the BSE, 5642 shares were traded on the counter so far as against the average daily volumes of 924 shares in the past one month.

Hercules Hoists Ltd soared 13.27% to Rs 109.65. The stock was the third biggest gainer in 'B' group. On the BSE, 35411 shares were traded on the counter so far as against the average daily volumes of 1094 shares in the past one month.

State Trading Corporation of India Ltd gained 13.23% to Rs 130.55. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 17908 shares in the past one month.

Kanoria Chemicals & Industries Ltd added 12.16% to Rs 71. The stock was the fifth biggest gainer in 'B' group. On the BSE, 63268 shares were traded on the counter so far as against the average daily volumes of 5809 shares in the past one month.

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