Jubilant Ingrevia saw its shares jump more than 6% this week after the company received positive credit ratings from India Ratings and Research.
The ratings assigned were IND A1+ for a proposed commercial paper of ₹400 crore and IND AA+/Stable ratings for term loans totalling ₹420 crore. These ratings reflect the company’s solid financial health and capacity to fulfil its debt commitments, which has most certainly contributed to the increased investor confidence and subsequent rise in stock price.
Stock Performance on Friday
– Open: ₹739.70
– High: ₹744.30
– Low: ₹709.80