India, Nov. 5 -- CARE Ratings is one of the leading credit rating agencies in India, but it has been stepping out of its comfort zone of domestic credit ratings over time. The company has now diversified its business into international credit ratings, AI, financial analytics, consulting and sustainability.

With a market capitalization of Rs. 4,794.55 crore, the shares of CARE Ratings Ltd were trading at Rs. 1,591.15 per share, down 2.31 percent from its previous closing price of Rs. 1,628.85 apiece. The stock trades at a P/E of 24.53x on a consolidated basis.

Where Is CARE Ratings Diversifying? This diversification comes on the back of strong performance in its core business, wherein CARE Ratings saw its consolidated operating revenue...