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Welspun India spurts 10% on rating upgrades by India Ratings

The upgrade reflects WIL's better-than-Ind-Ra-expected balance sheet deleveraging through a strong operational performance

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Welspun India | Buzzing stocks | Markets

SI Reporter  |  Mumbai 



Welspun India spurts 10% on rating upgrades by India Ratings
WIL is the largest home textiles company in Asia and among the top two textile companies worldwide

Shares of (WIL) advanced 10 per cent to Rs 84.65 on the BSE in intra-day trade on Friday after rating agency & Research, a Fitch Group firm, upgraded the long-term credit rating of the company from IND AA- to IND AA with a stable outlook. The stock of the textiles company was trading close to its 52-week high of Rs 87.60 touched on March 15.

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First Published: Fri, March 26 2021. 14:00 IST

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