CRISIL upgrades BL Kashyap bank facility ratings

Rating UpgradedCredit & Debt View source PDF Explain this filing

BLKASHYAP · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹52.33

prior close

₹52.65

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.9%+1.1% vs market

Civil Construction peers, median of 98sector-1.2%+1.4% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.4 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-1.9

15m

-2.1

30m

-3.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2-0.9+1.1-1.2+1.4

Next day

-3.5-1.2-2.3-1.7-1.8

-3.3+0.0-3.3-0.7-2.6

-3.4+1.4-4.8+0.5-3.9

-0.6+1.5-2.1+0.9-1.5

-2.7+0.9-3.6+0.4-3.1

+3.6-0.4+4.0-0.9+4.5

15d

-4.5-0.3-4.2-3.1-1.4

-6.8-4.2-2.6-6.1-0.7

-4.6-1.7-2.9-8.8+4.3

-6.5-11.4+4.9-17.6+11.2

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CRISIL has upgraded credit ratings on B L Kashyap's bank facilities worth about Rs 539.34 crore. The long-term rating improved from Crisil B+/Stable to Crisil BB-/Stable, and the short-term rating moved from Crisil A4 to Crisil A4+. The upgrade covers facilities across banks like SBI, PNB, Canara Bank, YES Bank, IndusInd Bank and ICICI Bank, covering bank guarantees, cash credit and a proposed loan.

Likely market impact

Positive signal: improved credit profile may ease borrowing terms, lower cost of funds and lift lender confidence for shareholders.