Jindal Saw informed that CARE Rating has assigned a credit rating as 'CARE A1+' for the proposed commercial papers of the company.
The stock has been witnessing some correction of late.
The scrip has corrected by 28.01% in twenty-eight sessions from a recent closing to end at Rs 71.70 in yesterday's session from a recent closing high of Rs 99.60 recorded on 23 January 2020.
Jindal Saw manufactures submerged arc welded (SAW) pipes and spiral pipes for the energy transportation sector, carbon, alloy and seamless pipes and tubes for industrial applications, and ductile iron (DI) pipes and fittings for water and wastewater transportation.
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