ICRA upgrades long-term credit rating to A (Stable)

Rating UpgradedCredit & Debt View source PDF Explain this filing

EMMVEE · 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

-0.4%Reaction day

₹197.80

prior close

₹198.50

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%-0.6% vs market

Other Electrical Equipment peers, median of 47sector+0.2%-0.6% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.6 pts less than its Other Electrical Equipment 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

-4.4

10m

-3.5

15m

-3.9

30m

-3.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4+0.2-0.6+0.2-0.6

Next day

-3.4+2.1-5.6+2.8-6.2

-4.2+2.1-6.2+3.2-7.4

-3.2+2.9-6.1+3.5-6.7

-1.6+1.3-2.9+2.4-4.0

+3.6+4.2-0.6+5.3-1.6

+2.2+3.9-1.7+7.3-5.0

15d

+8.5+5.1+3.4+12.3-3.8

-2.5+3.7-6.2+6.6-9.1

+11.7-4.3+16.0+1.3+10.5

+33.7+9.1+24.6+22.9+10.8

UpDownMarket · Nifty Smallcap 250Sector · Other Electrical Equipment peers, median of 47Pending

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

AI summary

ICRA upgraded the long-term fund-based term loan rating of Emmvee Photovoltaic Power from A minus (Stable) to A (Stable). Its long-term and short-term fund-based rating was also lifted from A minus/A2+ to A/A2+. Other short-term ratings for the company and its subsidiary Emmvee Energy were reaffirmed at A2+.

Likely market impact

Upgrade reflects improved creditworthiness, likely lowering future borrowing costs and supporting investor confidence.