Shares of Mukand scaled a 13-year high

Published On: Tuesday, April 20, 2021 | By: Team KnowMyStock

Shares of Mukand scaled a 13-year high of Rs 118.80, up 7 percent, on the BSE in intra-day trade today(20th April 2021). In the past five trading days, the stock has rallied 39 percent after the rating agency Acuité Ratings & Research Limited (“ACUITE”) upgraded the ratings of various credit facilities and exposures of the company with a 'stable outlook. Since March 23, the stock of the company engaged in the specialty steel business has zoomed 113 percent from the level of Rs 55.80, as compared to a 3.7 percent decline in the S&P BSE Sensex. It is trading at its highest level since January 2008. Acuite in its rating rationale said the rating upgrade and revision in the outlook from ‘Negative’ to ‘Stable’ are driven by the company’s significant progress inland parcel monetisation and disinvestment in a joint venture company while utilising the proceeds to repay the outstanding debt from lenders and group companies, thereby improving the financial risk profile of the company.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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