CARE reaffirms Greenlam ratings at AA-, outlook improved to Stable

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GREENLAM · price

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

+0.4%Reaction day

₹243.00

prior close

₹244.17

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.3% vs market

Plywood Boards/ Laminates peers, median of 11sector+0.2%+0.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.2 pts more than its Plywood Boards/ Laminates 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

-0.0

10m

-0.4

15m

-0.1

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4+0.7-0.3+0.2+0.2

Next day

-2.7+1.1-3.8-0.6-2.1

-3.3+1.6-4.9+1.8-5.1

-3.0+1.5-4.5+0.1-3.0

-3.0+1.3-4.3-1.2-1.8

-3.0+1.4-4.4-2.1-0.9

-5.1-2.1-3.1-3.2-1.9

15d

-10.5-0.9-9.6-0.9-9.6

-13.2-1.4-11.7-2.7-10.4

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UpDownMarket · Nifty Microcap 250Sector · Plywood Boards/ Laminates peers, median of 11Pending

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

AI summary

CARE Ratings has reaffirmed Greenlam Industries bank facility ratings at AA- for long term and A1+ for short term, covering about Rs 806 crore of facilities. The key positive change is the outlook on long term ratings being upgraded from Negative to Stable. Additionally, long term bank facility limits were enhanced from Rs 71.52 crore to Rs 169.02 crore, and combined long/short term limits rose from Rs 277.50 crore to Rs 327.50 crore.

Likely market impact

Positive for shareholders. Improved outlook signals easing credit concerns, may support borrowing costs and boost investor confidence.