Announced Wed, 30 Sept, 2026 · 12:44 IST
CARE upgrades PCCPL rating to A- Stable, boosts bank facility limits
PUNJABCHEM · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹1032.10
prior close
₹1044.00
base price
In-mkt
timing
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-0.5+0.6+0.4-0.9+0.8+1.2+0.7+1.5-0.3—————
Up moveDown movePending
AI summary
CARE Ratings upgraded the company's long-term rating from BBB+ to A- (Stable) and short-term rating from A2 to A2+. Bank facility limits also enhanced, with long-term or short-term facility raised from 100 to 200 crore, and short-term facility from 45 to 55 crore. Two fresh facilities of 99.94 crore and 60 crore were also assigned at A- Stable and A2+.
Likely market impact
Rating upgrade reflects stronger financial profile, may lower borrowing costs and improve access to funds for the company.