Credit rating outlook revised from Watch Developing to Stable

Credit & Debt View source PDF Explain this filing

HARIOMPIPE · 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

+3.7%Reaction day

₹382.05

prior close

₹382.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+3.2% vs market

Iron & Steel Products peers, median of 98sector-0.1%+3.7% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 3.7 pts more than its Iron & Steel Products 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

-0.9

15m

-0.7

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.7+0.4+3.2-0.1+3.7

Next day

+3.4+1.8+1.6+0.5+2.9

+1.3+0.5+0.8-0.1+1.4

+2.4+0.9+1.5+0.2+2.2

+1.8+0.3+1.5+0.0+1.8

+2.2+1.4+0.8-0.4+2.5

+6.3+3.2+3.0+1.2+5.0

15d

-7.7+5.4-13.1+0.3-8.0

-9.2+6.4-15.5+0.8-10.0

-8.0+6.3-14.4+2.9-11.0

-18.9-3.6-15.3-6.2-12.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

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

AI summary

CRISIL has revised the outlook on Hariom Pipe Industries' credit ratings. The long-term rating stays at A- but the outlook moves from Watch Developing to Stable. The short-term rating stays at A2+ with the Watch Developing removed. The actual rating levels have not changed - only the uncertainty has been resolved, which is mildly positive for the company.

Likely market impact

Removal of Watch Developing reduces uncertainty, but no actual rating upgrade means limited impact on borrowing costs or stock price.