Kernex gets upgraded credit rating from CARE; long-term facilities enhanced

Rating UpgradedCredit & Debt View source PDF Explain this filing

KERNEX · 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

-1.8%Reaction day

₹1779.00

prior close

₹1722.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-2.0% vs market

Transport Services peers, median of 64sector · industry level+0.3%-2.1% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.1 pts less than its Transport Services 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

+0.1

15m

+0.4

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8+0.2-2.0+0.3-2.1

Next day

+1.2+0.9+0.3+0.1+1.0

-3.6-0.8-2.8+0.0-3.6

-0.5-0.1-0.5+0.0-0.5

-3.1-1.7-1.4-1.8-1.3

-6.8-4.3-2.5-3.1-3.7

-11.0-7.5-3.5-6.3-4.7

15d

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UpDownMarket · Nifty Microcap 250Sector · Transport Services peers, median of 64Pending

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

AI summary

CARE Ratings upgraded Kernex long-term bank facility rating from BBB- to BBB with Stable outlook. Total long-term facilities enhanced to about Rs 660 crore from Rs 275 crore. Short-term bank facilities of Rs 125 crore assigned A3+ rating. Signals improved creditworthiness.

Likely market impact

Positive - improved credit profile may lower borrowing costs and boost lender confidence for shareholders.