Up 113% in 4 weeks! This specialty steel stock now trades at 13-year high

Acuite Ratings & Research Limited upgraded the ratings of various credit facilities and exposures of the company with a 'stable' outlook

Shares of Mukand scaled a 13-year high of Rs 118.80, up 7 per cent, on the BSE in intra-day trade on Tuesday. In the past five trading days, the stock has rallied 39 per cent 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 specialty steel business has zoomed 113 per cent from the level of Rs 55.80, as compared to a 3.7 per cent decline in the S&P BSE Sensex. It is