Announced Fri, 24 Apr · 19:02 IST
Minda Corporation Limited has informed the Exchange about Credit Rating- Revision
MINDACORP · 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
-1.3%1-day move
₹527.40
prior close
₹525.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.4-0.2-0.5-1.3-1.2-2.0-2.2-1.6+1.5-1.7+18.9+27.6+31.6
Up moveDown movePending
AI summary
CRISIL has upgraded Minda Corporation's long-term credit rating from AA-/Positive to AA/Stable. The short-term rating has been reaffirmed at CRISIL A1+. Additionally, the credit rating for Minda Instruments Limited, the wholly-owned subsidiary, has also been upgraded from AA-/Positive to AA/Stable. This upgrade reflects improved creditworthiness and financial stability of the company and its subsidiary.
Likely market impact
The rating upgrade signals stronger financial health and may enhance investor confidence, potentially having a positive effect on the company's stock price and borrowing costs.