ICRA assigns stable A/A1 rating to Rs 35 crore bank limits

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EMUDHRA · 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

-10.3%Reaction day

₹355.90

prior close

₹360.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-10.7% vs market

IT Enabled Services peers, median of 80sector+0.0%-10.4% vs sector

On the reaction day the stock moved 10.7 pts less than Nifty Microcap 250 and 10.4 pts less than its IT Enabled Services 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

-7.1

10m

-8.0

15m

-10.4

30m

-10.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-10.3+0.4-10.7+0.0-10.4

Next day

-4.5pendingpending+1.6-6.0

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15d

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 80Pending

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

AI summary

ICRA assigned a long-term rating of A with a stable outlook and a short-term rating of A1 to eMudhra's Rs 35 crore unallocated bank facilities. The review followed a material incident in the global TLS certificate business. The filing does not state the previous rating.

Likely market impact

The stable outlook is reassuring, but no upgrade or downgrade can be confirmed because the earlier rating is not provided.