Tuesday, 9 October 2018

SAIL rises after CARE Ratings revises long term bonds outlook to stable

Shares of Steel Authority of India (SAIL) rose concerninga pair of % once CARE Ratings revised the outlook on the company's long runbonds to stable from negative.

Stock hit Associate in Nursing intraday high of Rs sixty five.85 on BSE. The rating agency maintained the AA- rating on SAIL's long runbond programmes.

CARE Ratings additionallyrevised the outlook to stable from negative on the company's projected long run public deposit programme.

At 09.25 am Steel Authority of India was quoting at Rs sixty five.75 on BSE, up 1.94 %from the previous shut.

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