ICRA upgrades long-term rating of Indian Metals & Ferro Alloys Ltd

ICRA Limited (ICRA) vide its email dated 1st March, 2022 has upgraded the long-term rating of Indian Metals & Ferro Alloys Ltd to [ICRA]AA- (pronounced ICRA Double A Minus) from [ICRA]A+ (pronounced ICRA A Plus) and reaffirmed the short-term rating at [ICRA]A1+ (pronounced ICRA A One plus).

The outlook on the long-term rating has been revised to "Stable" from "Positive".

Shares of Indian Metals & Ferro Alloys Limited was last trading in BSE at Rs. 338.50 as compared to the previous close of Rs. 333.25. The total number of shares traded during the day was 4619 in over 448 trades.

The stock hit an intraday high of Rs. 343.15 and intraday low of 329.05. The net turnover during the day was Rs. 1553333.00.

Source : Equity Bulls

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IndianMetalsandFerroAlloys INE919H01018 IMFA RatingUpgrade