Announced Fri, 10 Jul · 11:33 IST
Credit rating reaffirmed; bank facility limits enhanced significantly
PRECWIRE · 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
-0.9%1-day move
₹391.00
prior close
₹385.30
base price
In-mkt
timing
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-0.2-0.1—-0.0-0.9-2.8-1.4-2.6-7.4-7.7————
Up moveDown movePending
AI summary
CARE Ratings reaffirmed Precision Wires India's long-term bank facility rating at A+ (Stable) and short-term rating at A1. The long-term facility limit was enhanced from Rs 346.08 crore to Rs 453.08 crore, and the short-term limit was raised from Rs 995 crore to Rs 1,644 crore, showing stronger lender confidence in the company.
Likely market impact
Positive signal. Lenders enhanced credit limits and reaffirmed strong investment-grade ratings, reflecting continued financial health and easier access to funding.