Credit Analysis & Research (CARE) has upgraded and revised the rating of assigned to the Long Term Bank Facilities of Kei Industries  from 'CARE BBB' to 'CARE BBB+'. This rating is applicable to facilities having tenure of more than one year.

CARE has upgraded the rating assigned to the Medium Term Instrument ie Fixed Deposits scheme of the company from CARE BBB (FD) to CARE BBB+ (FD).

Further, CARE has reaffirmed the rating CARE A3+ assigned to the Short Term Bank Facilities availed by the company. This rating is applicable to facilities having tenure of upto one year.

Shares of the company gained Rs 3.4, or 4.46%, to trade at Rs 79.70. The total volume of shares traded was 373,950 at the BSE (3.28 p.m., Tuesday).