CRISIL upgrades rating of Kesoram Industries Ltd's Debentures

CRISIL Ratings has, after due consideration, upgraded its rating on the Optionally Convertible Debentures and Non-Convertible Debentures of Kesoram Industries Ltd to CRISIL B/Stable (pronounced as CRISIL B rating with Stable outlook) from CRISIL D (pronounced as CRISIL D). Instruments with this rating are considered to have high risk of default regarding timely servicing of financial obligations.

Shares of KESORAM INDUSTRIES LTD. was last trading in BSE at Rs.85.75 as compared to the previous close of Rs. 81. The total number of shares traded during the day was 478083 in over 4143 trades.

The stock hit an intraday high of Rs. 87.3 and intraday low of 78.1. The net turnover during the day was Rs. 40215146.

Source : Equity Bulls

Keywords