Ind-Ra upgrades long term issuer rating of Steel Strips Wheels Ltd

India Ratings and Research (Ind-Ra) (a 100% owned subsidiary of the Fitch Group) vide its press release dated 18.07.2022, has upgraded Steel Strips Wheels Limited's Long Term Issuer Rating 'IND A+' from 'IND A-' and the outlook is Stable.

The upgrade follows SSWL's healthy operating performance and improvement in credit metrics in FY22.

Shares of Steel Strips Wheels Limited was last trading in BSE at Rs. 843.55 as compared to the previous close of Rs. 812.20. The total number of shares traded during the day was 727 in over 239 trades.

The stock hit an intraday high of Rs. 846.45 and intraday low of 823.45. The net turnover during the day was Rs. 607096.00.

Source : Equity Bulls

Keywords

SteelStripsWheels INE802C01017 SSWL RatingUpgrade LongTermIssuerRating