CRISIL upgrades rating of JSPL

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

The ratings are upgraded to CRISIL A- with Stable outlook for long term facilities and Non - Convertible Debentures and CRISIL A2+ for short term facilities.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.261.65 as compared to the previous close of Rs. 270.8. The total number of shares traded during the day was 593050 in over 4155 trades.

The stock hit an intraday high of Rs. 275.05 and intraday low of 258.7. The net turnover during the day was Rs. 158320786.

Source : Equity Bulls

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