CARE upgrades rating of Jindal Steel and Power Ltd

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

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

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.259.35 as compared to the previous close of Rs. 267.3. The total number of shares traded during the day was 478609 in over 4572 trades.

The stock hit an intraday high of Rs. 270.8 and intraday low of 257.7. The net turnover during the day was Rs. 126059794.

Source : Equity Bulls

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