India Ratings upgrades Satia Industries to 'IND A', Outlook Positive

India Ratings and Research (Ind-Ra) has upgraded Satia Industries Limited's (SIL) Long-Term Issuer Rating to 'IND A' from 'IND A-'. The Outlook is Positive.

The upgrade reflects the improvement in SIL's scale and business profile in FY22, owing to the completion of its capacity expansion in 2HFY22. The Positive Outlook reflects Ind-Ra's expectation of an improvement in SIL's credit metrics in the near to medium term, as the company deleverages itself with the ramp-up of the expanded capacity.

Shares of Satia Industries Limited was last trading in BSE at Rs. 113.50 as compared to the previous close of Rs. 114.10. The total number of shares traded during the day was 8698 in over 265 trades.

The stock hit an intraday high of Rs. 115.50 and intraday low of 113.25. The net turnover during the day was Rs. 992212.00.

Source : Equity Bulls

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SatiaIndustries INE170E01023 RatingUpgrade