Spanco assigned 3/5 for fundamentals by CRISIL Independent Equity Research

Spanco Ltd has announced that the IER (Independent Equity Research) wing of CRISL in its recent report has assigned to the Company grade 3/5 for fundamentals and grade 5/5 for valuations. Spanco's fundamental Grade of '3/5' indicates that the fundamentals of the company are 'good' relative to other listed securities in India. The Valuation Grade of '5/5' indicates that there is a 'strong upside' to the current market price from a fundamental perspective'.

A copy of previous IER report and present IER report by CRISIL on the Company shall be available on the Company's website (http://vvww.spancotele.com/investor/investor.aspx) under: Industry Coverage/Investors' page. Further the reports are also available on the website of Crisil (http://www.crisil.com/capital-markets/download-ier-reports.jsp).

The stock was trading at Rs.163.65, up by Rs.9.25 or 5.99%. The stock hit an intraday high of Rs.166.50 and low of Rs.155.70.

The total traded quantity was 1.71 lakhs compared to 2 week average of 1.37 lakhs.

Source : Equity Bulls

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