CRISIL upgrades long-term, short-term rating of JSPL

The credit rating agency, CRISIL Ratings Limited, has upgraded its Rating from CRISIL A with "stable" outlook to CRISIL A+ with "Positive" outlook on the Long Term Bank Facilities and from "CRISIL A2+" to "CRISIL Al+" for Short Term Bank Facilities of Jindal Steel and Power Limited (JSPL).

The ratings are upgraded to CRISIL A+ wit11 Positive outlook for Long Term Bank Facilities and CRISIL Al+ for Short Term Bank Facilities.

Shares of Jindal Steel & Power Ltd was last trading in BSE at Rs. 401.05 as compared to the previous close of Rs. 402.95. The total number of shares traded during the day was 240104 in over 2661 trades.

The stock hit an intraday high of Rs. 408.3 and intraday low of 400.15. The net turnover during the day was Rs. 96974951.

Source : Equity Bulls

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