ICRA upgrades Cemindia Projects credit rating to AA from A plus

Credit rating upgradedCredit & Debt View source PDF Explain this filing

CEMPRO · price

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▲ 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

+0.3%Reaction day

₹1297.50

prior close

₹1299.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.2%+0.1% vs market

Civil Construction peers, median of 102sector+0.1%+0.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Smallcap 250 and 0.1 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

+0.1

10m

+0.5

15m

-0.1

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.2+0.1+0.1+0.1

Next day

+1.2+0.2+1.0+0.2+1.0

-1.0+0.4-1.4-0.2-0.7

-1.9-0.1-1.8-1.1-0.9

-3.6-0.1-3.5-0.7-2.9

-3.7-0.6-3.1-1.2-2.5

-5.1-3.2-2.0-4.1-1.0

15d

-4.9-3.2-1.8-4.9-0.0

-10.7-4.3-6.4-6.0-4.7

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UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 102Pending

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

AI summary

ICRA has upgraded Cemindia Projects Limited's credit ratings across all facilities. Long-term term loan and working capital facilities upgraded from A plus (Stable) to AA (Stable). Non-fund based limits upgraded to AA (Stable)/A1 plus. AA rating indicates high safety and low credit risk. The company was formerly known as ITD Cementation India Limited.

Likely market impact

Rating upgrade reflects stronger credit profile, may lower future borrowing costs and boost investor confidence in the stock.