ICRA upgrades rating of Jindal Steel & Power Ltd

The credit rating agency, ICRA, has upgraded its Rating from BBB(-) with "Stable" outlook to BBB(+) with "Stable" outlook on the Long Term Bank Facilities and Non-Convertible Debentures and from "A3" to "A2" for short term facilities of Jindal Steel and Power Limited.

The ratings are upgraded to [ICRA] BBB (+) with Stable outlook for long term facilities and Non-Convertible Debentures and [ICRA] A2 for short term facilities.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.253 as compared to the previous close of Rs. 272. The total number of shares traded during the day was 604935 in over 4234 trades.

The stock hit an intraday high of Rs. 273.6 and intraday low of 244.8. The net turnover during the day was Rs. 158246765.

Source : Equity Bulls

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