Announced Mon, 22 Jun · 12:05 IST
CARE Ratings upgrades Nitin Spinners long-term rating to A+ Stable
NITINSPIN · 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
-4.2%1-day move
₹568.60
prior close
₹561.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.6-0.4-0.6-4.2-0.2-4.0-1.0+1.1-1.1-2.4-6.2——
Up moveDown movePending
AI summary
CARE Ratings has upgraded Nitin Spinners long-term bank facilities rating from CARE A (Positive) to CARE A+ (Stable). Short-term rating of CARE A1 was reaffirmed. Total rated facilities stand at Rs 2,438.41 crore, including long-term facilities of Rs 2,371.71 crore and short-term facilities of Rs 66.70 crore. The upgrade follows a review of the company's FY26 audited operational and financial performance.
Likely market impact
Positive signal for shareholders. A higher credit rating can lower future borrowing costs and boost lender and investor confidence in the company.