KNR Constructions rose via 6% to Rs. 258, after rating agency CRISIL Ratings upgraded its outlook on the firm.
CRISIL revised its outlook on the long-term financial institution facilities of the employer to ‘Positive’ from ‘Stable’ and reaffirmed the rating at ‘CRISIL AA-‘.
As according to CRISIL, the revision in outlook elements in anticipated improvement in scale of operations in KNRCL’s commercial enterprise threat profile with the sustenance of sales growth of over 15 percentage yearly within the medium time period even as maintaining its wholesome monetary hazard profile.
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