Announced Fri, 10 Jul · 18:47 IST
ICRA reaffirms credit rating on Rs 511 crore bank facilities
MVGJL · 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
+6.4%1-day move
₹156.48
prior close
₹155.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.6—+0.4+6.4+5.2+2.4-0.9+2.2+0.2————
Up moveDown movePending
AI summary
ICRA has reaffirmed Manoj Vaibhav Gems N Jewellers credit rating at [ICRA]A- with Stable outlook for long-term and [ICRA]A2+ for short-term bank facilities totaling Rs 511 crore. The working capital limits are spread across Axis Bank (Rs 75 crore), Federal Bank (Rs 68 crore), HDFC Bank (Rs 150 crore), ICICI Bank (Rs 80 crore), Kotak Mahindra Bank (Rs 20 crore), and Yes Bank (Rs 118 crore), with the rating assigned for an enhanced amount.
Likely market impact
Reaffirmed rating with enhanced working capital limits signals stable credit profile and continued banking confidence in the company.