CRISIL reaffirms credit rating of Bajaj Steel Industries; Revises outlook to positive; Stock jumps 3%

4 Jan 2022 , 09:19 AM

CRISIL has reaffirmed credit rating on total bank facilities Rs116cr of Bajaj Steel Industries Limited. The long-term rating of the company has been reaffirmed at CRISIL A- and Outlook revised to Positive from Stable. The short-term rating of the company has been reaffirmed at CRISIL A2+.

During early trade on Tuesday, Bajaj Steel Industries Ltd was trading at Rs924 per piece up by Rs26 or 2.9% from its previous closing of Rs898 per piece on the BSE.

The scrip opened at Rs922.15 and has touched a high and low of Rs934.30 and Rs915 respectively