ICRA upgrades long term rating of JSPL to [ICRA]A with Stable Outlook and short term rating to [ICRA]A1

ICRA Limited, has upgraded its Rating from [ICRA] BBB + with "Stable" outlook to [ICRA] A with "Stable" outlook on the Long Term Bank Facilities and from "[ICRA]A2" to "[ICRA]A1" for short term facilities of Jindal Steel & Power Limited (JSPL).

The ratings are upgraded to [ICRA] A with Stable outlook for long term facilities and [ICRA] A1 for short term facilities.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.409.5 as compared to the previous close of Rs. 388.8. The total number of shares traded during the day was 557671 in over 5008 trades.

The stock hit an intraday high of Rs. 411.5 and intraday low of 384.45. The net turnover during the day was Rs. 221860639.

Source : Equity Bulls

Keywords