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Surya Roshni shares rise 7% on rating upgrades, stable outlook

CARE Ratings upgraded ratings of the company's short-term bank facilities and commercial paper with reaffirmation of long term bank facilities

AAA ratings
premium

Surya Roshni said the rating upgradation of short term facilities are based on the improvement in the operational performance

SI Reporter Mumbai
Surya Roshni shares, on Thursday, advanced 7 per cent intra-day to Rs 345 on the BSE on the back of heavy volumes after CARE Ratings upgraded the ratings of the company’s the short term bank facilities and commercial paper with reaffirmation of long-term bank facilities.

At 10:52 am, the stock was trading 6 per cent higher at Rs 342, as compared to 0.29 per cent gain in the S&P BSE Sensex. A combined 270,000 equity shares were changing hands on the counter on the NSE and BSE. The stock hit a 52-week high of Rs 385 on December 23,