ICRA upgrades rating of Jindal Steel and Power Ltd

The credit rating agency, ICRA Limited, has upgraded its Rating from [ICRA]A with "stable" outlook to [ICRA]A+ with "Positive" outlook on the Long Term Bank Facilities and from "[ICRA]A1" to "[ICRA]A1+" for Short Term Bank Facilities of Jindal Steel and Power Limited.

The ratings are upgraded to [ICRA]A+ with Positive outlook for Long Term Bank Facilities and [ICRA]A1+ for Short Term Bank Facilities.

Shares of Jindal Steel & Power Ltd was last trading in BSE at Rs. 358 as compared to the previous close of Rs. 358.95. The total number of shares traded during the day was 306603 in over 3905 trades.

The stock hit an intraday high of Rs. 362.55 and intraday low of 354.2. The net turnover during the day was Rs. 109920021.

Source : Equity Bulls

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