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Acuite Ratings upgrades credit rating of Mukand


The credit rating agency upgraded the ratings on Mukand s fixed deposit worth Rs 120.48 crore to ACUITE FA/ Outlook: Stable from FBB/Negative .
It also upgraded the ratings on the company s bank facilities worth Rs 1,045.48 crore. AcuitRatings upgraded the company s long-term rating to ACUITE BBB-/ Outlook: Stable from ACUITE BB/Negative. It revised the company s short-term rating to ACUITE A3 from ACUITE A4+.
The ratings agency said that the rating upgrade and revision in the outlook from Negative to Stable is driven by the company s significant progress in land parcel monetization and disinvestment in a joint venture company while utilizing the proceeds to repay the outstanding debt from lenders and group companies, thereby improving on the financial risk profile. ....

Capital Market , Credit Rating Agency , Steel Mills Amp Foundries , Stainless Steel Long Products , Bank Facilities , மூலதனம் சந்தை ,

Mukand fall nearly 7% in two days


Mukand slipped 0.59% to Rs 83.60, declining for the second day.
The stock has fallen by 6.59% in two sessions, from its recent closing high of Rs 89.50 recorded on 1 April 2021.
In the past one month, the stock has zoomed 39.98% while the benchmark Sensex has lost 2.48% during the same period.
With reference to recent price movement, Mukand on Monday (5 April) clarified that in the recent past, there have been several internal or external positive developments concerning the company. The company has reduced its debt and other interest-bearing liabilities by more than Rs 975 crore via a promoter backed line of credit; it has completed the first tranche of the sale of 30% stake in Mukand Sumi Special Steel, joint venture company, for Rs 713.61 crore; and it has also transferred approximately 55 acres of the company s surplus leasehold land at Thane for a consideration of Rs 801.51 crore. These updates may have drawn the interest of investors in the company and caused the ....

Mukand Sumi Special Steel , Capital Market , Bajaj Group , Metallic Rolling Amp Drawing Products , Stainless Steel Long Products , முகந்த் சுமி சிறப்பு எஃகு , மூலதனம் சந்தை , பஜாஜ் குழு , உலோகம் உருட்டுதல் ஆம்ப் வரைதல் ப்ராடக்ட்ஸ் , எஃகு எஃகு நீண்டது ப்ராடக்ட்ஸ் ,

Mukand reports consolidated net profit of Rs 64.53 crore in the December 2020 quarter

Read more about Mukand reports consolidated net profit of Rs 64.53 crore in the December 2020 quarter on Business Standard. Sales rise 23.47% to Rs 797.84 crore ....

Particularsquarter Endeddec , Var Sales , Capital Market , Bajaj Group , வார் விற்பனை , மூலதனம் சந்தை , பஜாஜ் குழு ,