JSW Steel shares gain after ICRA reaffirms long-term rating, but upgrades outlook from stable to positive
The rating agency also reaffirmed the company's short-term (bank facilities and commercial paper) to ICRA A+
March 10, 2021 / 12:31 PM IST
JSW Steel share price gained over a percent intraday on March 10 after ICRA reaffirmed JSW Steel’s long-term (bank facilities and non-convertible debenture) rating at ICRA AA- but changed the outlook from stable to positive, the company informed boruses.
The rating agency also reaffirmed the company's short-term (bank facilities and commercial paper) to ICRA A+, the company added.
The stock was trading at Rs 408.30, up Rs 7.05, or 1.76 percent, at 12:00 hours. It has touched an intraday high of Rs 410.75 and an intraday low of Rs 403.50.
According to Moneycontrol SWOT Analysis powered by Trendlyne, the company's book value per share has been improving for the last 2 years with FII/FPI or institutions increasing their shareholding.
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