Announced Mon, 22 Jun · 12:03 IST
CARE upgrades Nitin Spinners long-term rating to A+ with stable outlook
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
₹560.45
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.5-0.4-0.6-4.2-0.2-4.0-1.0+1.1-1.1-2.4-6.2——
Up moveDown movePending
AI summary
CARE Ratings 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.