Announced Wed, 1 Jul · 21:33 IST
HFCL gets credit rating upgrade from CARE Ratings
HFCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹212.40
prior close
₹209.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-2.2-2.1-2.8+1.1+6.0+5.2+1.1+2.3+0.6-2.5———
Up moveDown movePending
AI summary
CARE Ratings upgraded HFCL's long-term credit rating to CARE A; Positive from CARE A-; Stable, and short-term rating to CARE A1 from CARE A2+. Long-term bank facilities were enhanced to Rs 1,525.95 Cr from Rs 1,256.19 Cr, and short-term facilities raised to Rs 2,550 Cr from Rs 2,386.63 Cr. Upgrade reflects improved credit profile and financial discipline.
Likely market impact
Positive signal. Better credit profile may lower borrowing costs, higher bank limits support growth, and reflects stronger lender confidence in the company.