Announced Wed, 24 Jun · 13:38 IST
CARE reaffirms HMA Agro ratings; bank facilities enhanced to 1,250 cr
HMAAGRO · 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
+0.9%1-day move
₹21.80
prior close
₹21.82
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8+0.8+1.7+2.2+0.9+0.9+1.0+1.2+2.3+0.9+0.5-2.1——
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AI summary
CARE Ratings reaffirmed HMA Agro Industries' credit ratings following an enhancement in bank facilities. Long term/short term facilities rose to 1,231 crore from 931 crore, rated CARE A- with Stable outlook and CARE A2+. Short term facilities of 19 crore also reaffirmed at CARE A2+. Total rated facilities now stand at 1,250 crore across SBI, Yes Bank, HDFC Bank, Canara Bank and proposed lines.
Likely market impact
Stable credit profile confirmed. A 300 crore increase in bank limits signals lender confidence and gives the company more headroom for working capital and growth.