NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr

Shares of NLC India almost hit the 5 per cent maximium limit for the day at Rs 231.85 (as against Rs 231.90) in today’s special trading session on the BSE as ICRA reaffirmed its credit rating.

At 9:45 am, the stock traded around Rs 231, up 4.6 per cent on volumes of around 45,000 shares. The stock exchanges have capped the maximum permissible limit at 5 per cent for today’s special trading sessions for all stocks. Meanwhile, the S&P BSE Sensex was up 0.2 per cent at 73,900 levels.

Last month, NLC India had plunged over 14 per cent even as the Sensex notched 1.2 per cent gain.