Inda Ratings upgrades rating of Usha Martin Limited

India Ratings and Research Pvt. Ltd. has upgraded Usha Martin Limited's Long-term Issuer Rating from 'IND A-' to 'IND A'. The rating agency has also affirmed its rating assigned to Short-term credit facilities at 'IND A1' and assigned rating of 'IND A1' to commercial paper programme of the Company. The outlook is stable.

Shares of Usha Martin Ltd. was last trading in BSE at Rs. 72.05 as compared to the previous close of Rs. 67.05. The total number of shares traded during the day was 699769 in over 4571 trades.

The stock hit an intraday high of Rs. 73.7 and intraday low of 67.35. The net turnover during the day was Rs. 50219472.

Source : Equity Bulls

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