Industry And Cluster
Nitin Spinners' share price reaches a new high as a result of a rating upgrade
Published on
Author: Manali Bhanushali
The company has risen over 18% in three sessions
As a result of the rating improvement, Nitin Spinners' shares reached a new high of Rs 183.80 a share on Friday, rising over 12 percent on the BSE intraday session. The stock has gained over 18 percent in the last three days when CARE upgraded long-term bank facilities from negative to stable.
Almost at market close today, the counter was trading over 10% higher at Rs 180.65 per share, with trading volumes more than double. On the NSE and BSE, around 2.1 million shares had changed hands. In the previous three months, the stock of a textile firm has increased by 126%.