ICRA upgrades Himadri Speciality Chemical long-term rating to AA Stable

Rating UpgradedCredit & Debt View source PDF Explain this filing

HSCL · 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

+0.3%Reaction day

₹660.15

prior close

₹658.60

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.3%-0.0% vs market

Chemicals & Petrochemicals peers, median of 195sector · industry level-0.0%+0.3% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.3 pts more than its Chemicals & Petrochemicals 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

+0.7

10m

+0.4

15m

+0.7

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.3-0.0-0.0+0.3

Next day

+1.7-0.8+2.5-0.3+2.1

+3.2-0.1+3.3-0.5+3.7

+9.4-0.1+9.4+0.0+9.3

+12.3-0.6+12.9-1.0+13.3

+16.8-0.5+17.3-0.3+17.1

+16.0-1.4+17.4-1.0+17.1

15d

+13.8+0.3+13.5+0.5+13.3

+18.0+1.4+16.6+1.9+16.1

-3.7-1.2-2.4+2.2-5.9

-0.0-1.6+1.5+0.8-0.8

UpDownMarket · Nifty Smallcap 250Sector · Chemicals & Petrochemicals peers, median of 195Pending

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

AI summary

ICRA upgraded Himadri Speciality Chemical's long-term rating on its Rs 1980.86 Cr working capital facility from AA- (Positive) to AA (Stable). Outlook revised to Stable from Positive. Short-term A1+ rating on working capital and Rs 500 Cr commercial paper reaffirmed.

Likely market impact

Credit rating upgrade signals stronger financial profile, may lower future borrowing costs and boost investor confidence.