ICRA upgrades ratings of The Sandur Manganese and Iron Ores Limited

The Rating Committee of ICRA, after due consideration, has upgraded the long term rating to [ICRA]A (pronounced ICRA A) from [ICRA]A- (pronounced ICRA A minus). The rating committee has also upgraded the short term rating to [ICRA]A1 (pronounced ICRA A one) from [ICRA]A2+ (pronounced ICRA A two plus). The Outlook on the long term rating is Stable.

Instruments with [ICRA]A rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Shares of Sandur Manganese & Iron Ores Ltd., was last trading in BSE at Rs. 1816.3 as compared to the previous close of Rs. 1724.2. The total number of shares traded during the day was 27761 in over 1891 trades.

The stock hit an intraday high of Rs. 1859 and intraday low of 1701.25. The net turnover during the day was Rs. 50063777.

Source : Equity Bulls

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