ICRA upgrades rating of Indian Metals and Ferro Alloys Ltd

ICRA Limited (ICRA) vide its letter dated 27th September, 2021 has upgraded the rating of Indian Metals and Ferro Alloys Ltd for the Long term and Short Term loan facilities from the Banks as follows:

Long Term: [ICRA]A+ (pronounced ICRA A Plus) from [ICRA]A (pronounced ICRA A). The outlook also has been revised to "Positive" from "Stable".

Short Term: [ICRA]A1+ (pronounced ICRA A One plus) from [ICRA]Al (pronounced ICRA A One).

Shares of Indian Metals & Ferro Alloys Limited was last trading in BSE at Rs. 679.05 as compared to the previous close of Rs. 697.45. The total number of shares traded during the day was 1551 in over 64 trades.

The stock hit an intraday high of Rs. 690.1 and intraday low of 670.2. The net turnover during the day was Rs. 1055184.

Source : Equity Bulls

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