ICRA removes rating watch on JSPL's bank facilities

The credit rating agency, ICRA, has removed its Rating Watch with Negative Implications on the Bank Facilities and Non-Convertible Debentures ("NCDs") of Jindal Steel and Power Limited ("JSPL" or " the Company") and assigned a "Stable" outlook. The ratings have been reaffirmed at [ICRA] BBB (-) with Stable outlook for long term facilities and Non-Convertible Debentures and [ICRA] A3 for short term facilities.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.175.9 as compared to the previous close of Rs. 170.05. The total number of shares traded during the day was 1241923 in over 10500 trades.

The stock hit an intraday high of Rs. 181.25 and intraday low of 160. The net turnover during the day was Rs. 211238374.

Source : Equity Bulls

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