CARE upgrades Nitin Spinners long-term rating to A+ with stable outlook

Rating UpgradedCredit & Debt View source PDF Explain this filing

NITINSPIN · price

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▲ 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

-2.4%Reaction day

₹568.60

prior close

₹560.45

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-3.2% vs market

Other Textile Products peers, median of 187sector+0.4%-2.8% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 2.8 pts less than its Other Textile Products peers, 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

-0.5

15m

-0.4

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4+0.8-3.2+0.4-2.8

Next day

-4.2+0.1-4.3-0.8-3.4

-0.2+0.0-0.3+0.3-0.5

-4.0-0.6-3.4-0.5-3.4

-1.0-0.9-0.1-1.0+0.0

+1.1+0.2+0.9-1.3+2.4

-1.1+1.2-2.3-1.5+0.4

15d

-2.4+0.7-3.1-1.6-0.8

-6.2-0.4-5.8-1.7-4.6

+1.6+5.2-3.6-0.5+2.0

+6.9+5.4+1.5-2.4+9.3

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 187Pending

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

AI summary

CARE Ratings upgraded Nitin Spinners long-term bank facility rating from CARE A (Positive) to CARE A+ (Stable) for facilities worth Rs. 2,371.71 crore, based on FY26 audited results. Short-term facilities of Rs. 66.70 crore reaffirmed at CARE A1. Total rated facilities stand at Rs. 2,438.41 crore.

Likely market impact

Lower borrowing costs and stronger financial credibility; positive signal for investors and lenders.