CRISIL upgrades ratings of Bajaj Steel Industries Limited

CRISIL has upgraded its ratings on the banking facilities of Bajaj Steel Industries Limited as below:

Term Bank Loan Facilities Rated - Rs.116 Crore (Enhanced from Rs.63.58 Crore)

Long Term Rating - CRISIL A- / Stable (Upgraded from 'CRISIL BBB / Positive')

Short Term Rating - CRISIL A2+ (Upgraded from 'CRISIL A3+')

Shares of BAJAJ STEEL INDUSTRIES LTD. was last trading in BSE at Rs.215 as compared to the previous close of Rs. 195.85. The total number of shares traded during the day was 16965 in over 302 trades.

The stock hit an intraday high of Rs. 215 and intraday low of 198.05. The net turnover during the day was Rs. 3507726.

Source : Equity Bulls

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