JSW Infra extends gains after strong listing; zooms 41% over issue price

Moody's Investors Service, on Tuesday, upgraded JSW Infra corporate family rating (CFR) and senior secured bond rating to Ba1 from Ba2, and changed the outlook to stable from positive

Shares of JSW Infrastructure moved higher by another 7 per cent to Rs 167.95 on the BSE in Wednesday's intraday trade after the JSW Group company made strong market debut on Tuesday.

Yesterday, the stock closed 32 per cent higher at Rs 157.30 as against its issue price of Rs 119 per cent. With today;s gain, it has rallied 41 per cent over its issue price.

At 10:34 AM, JSW Infra was quoting 4.4 per cent higher at Rs 164.25, as compared to 0.54 per cent decline in the S&P BSE Sensex.

JSW Infra raised Rs 2,800