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.