India Ratings (Ind-Ra) has assigned fresh Short term credit rating of IND A2+ for non-funds based facilities of the Company's Wholly Owned Subsidiary - Sarda Metals & Alloys Ltd.
The total facility rated is INR 500 million.
The existing rating is A3+ from CRISIL, which is under review by the Rating Agency.
Shares of Sarda Energy & Minerals Ltd was last trading in BSE at Rs. 729 as compared to the previous close of Rs. 727.7. The total number of shares traded during the day was 1696 in over 90 trades.
The stock hit an intraday high of Rs. 743.5 and intraday low of 720.2. The net turnover during the day was Rs. 1240535.