Minda Industries jumped 3.5 per cent to a high of Rs 614 after rating agency ICRA upgraded its credit rating.
According to a release issued by ICRA to the BSE, ICRA Credit Rating agency has assigned an upward revision in the Credit rating of Minda Industries.
The long-term rating has been upgraded to ICRA A from ICRA A-. The short-term rating has been upgraded to ICRA A1 from ICRA A2+. The outlook on the long term rating is Stable.
The stock, however, has pared most of the gains, and is now up 1.4 per cent at Rs. 601. The counter has seen trades of around 2,100-odd shares as against the two-week daily average volume of around 5,800-odd shares on the BSE.
Meanwhile, the Sensex has extended losses and is now down 84 points at 28,036.
According to a release issued by ICRA to the BSE, ICRA Credit Rating agency has assigned an upward revision in the Credit rating of Minda Industries.
The long-term rating has been upgraded to ICRA A from ICRA A-. The short-term rating has been upgraded to ICRA A1 from ICRA A2+. The outlook on the long term rating is Stable.
The stock, however, has pared most of the gains, and is now up 1.4 per cent at Rs. 601. The counter has seen trades of around 2,100-odd shares as against the two-week daily average volume of around 5,800-odd shares on the BSE.
Meanwhile, the Sensex has extended losses and is now down 84 points at 28,036.
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