Ind-Ra upgrades credit ratings of Sequent Scientific; Stock gains

The credit rating agency has upgraded the company’s long-term issuer rating to ‘IND A+’ with the outlook being ‘Positive’.

Jun 17, 2021 03:06 IST India Infoline News Service

India Ratings and Research (Ind-Ra) has upgraded Sequent Scientific Limited’s long-term issuer rating to “IND A+” from “IND A” with the outlook being “Positive”.

The long-term rating on fund-based working capital limits Rs20cr was upgraded to IND A+/Positive from IND A/Positive. The short-term rating on non-fund-based working capital limits Rs15cr was upgraded to IND A1+ from IND A1.

Towards close of trade on Thursday, Sequent Scientific Ltd was trading at Rs272.50 per piece up Rs2.20 or 0.81% from its previous closing of Rs270.30 per piece on the BSE.
The scrip opened at Rs268 and has touched a high and low of Rs275 and Rs268 respectively during intraday trade on Thursday. 

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