CRISIL upgrades Kirloskar Electric credit ratings on about Rs 115.63 Cr bank loans

Rating UpgradedCredit & Debt View source PDF Explain this filing

KECL · price

Loading chart…

▲ 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

-3.9%Reaction day

₹108.65

prior close

₹109.29

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.3%-1.6% vs market

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250, 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

-0.4

10m

-1.8

15m

-1.9

30m

-4.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-3.9-2.3-1.6

Next day

-3.5-1.9-1.6

+1.5-0.2+1.7

-1.6-0.2-1.4

+2.3+0.5+1.9

-5.0pendingpending

———

15d

———

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Kirloskar Electric has received a credit rating upgrade from CRISIL Ratings on its total bank loan facilities of about Rs 115.63 Crore. Long-term rating upgraded to CRISIL BB/Stable from B+/Stable. Short-term rating upgraded to CRISIL A4+ from A4. The upgrade signals a stronger view by CRISIL on the company's ability to meet its debt obligations and indicates an improved credit profile.

Likely market impact

Positive for shareholders; lower borrowing costs likely and improved credit profile may support stock sentiment and lender confidence.