Scan Steels Limited's rating upgraded to IVR BB+ / Stable Outlook

The rating of Scan Steels Limited has been upgraded to IVR BB+ / Stable Outlook (IVR Double B Plus with Stable Outlook) and IVR A4+ (IVR A Four Plus).

The Rating derives strength from the experienced promoters and management team, Long track record and established presence in the steel making, diversified products portfolio, growth in scale of operation along with moderate capital structure and debt protection metrics. The rating has been assigned by Infomerics Valuation and Rating Private Limited.

Shares of Scan Steels Limited was last trading in BSE at Rs.25.5 as compared to the previous close of Rs. 24.4. The total number of shares traded during the day was 68303 in over 120 trades.

The stock hit an intraday high of Rs. 25.6 and intraday low of 23.2. The net turnover during the day was Rs. 1741361.

Source : Equity Bulls

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