Announced Tue, 2 Jun, 2026 · 11:41 IST
CRISIL upgrades long-term credit rating to A plus with stable outlook
MANINDS · 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
+1.9%1-day move
₹485.85
prior close
₹501.25
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.0+0.0+0.9+1.9+0.3+10.3+3.6+6.4+4.7+22.1+22.5+12.8+53.2
Up moveDown movePending
AI summary
CRISIL has upgraded Man Industries long-term bank facility rating from A/Stable to A+/Stable, while reaffirming the short-term rating at A1. The upgrade reflects the company's acquisition of National Pipe Company in Saudi Arabia, stronger operating performance, better geographic diversification, and a healthy financial risk profile.
Likely market impact
Positive for shareholders; signals stronger financial health, lower borrowing costs, and improved investor confidence.