CRISIL upgrades rating of Kesoram Industries Ltd

CRISIL has vide their letters dated December 27, 2021 has upgraded the rating assigned to Optionally Convertible Debentures and Non-Convertible Debentures of the Company from CRISIL "B" / Outlook "Stable" to CRISIL "BB+" / Outlook "Stable".

Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

Shares of Kesoram Industries Limited was last trading in BSE at Rs. 59.70 as compared to the previous close of Rs. 59.50. The total number of shares traded during the day was 24757 in over 555 trades.

The stock hit an intraday high of Rs. 60.30 and intraday low of 58.40. The net turnover during the day was Rs. 1482955.00.

Source : Equity Bulls

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KesoramIndustries INE087A01019 KESORAMIND RatingUpgrade