CRISIL upgrades Rane Madras ratings on Rs 1,085 Cr facilities

Rating UpgradedCredit & Debt View source PDF Explain this filing

RML · price

Loading chart…

▲ 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

+0.9%Reaction day

₹1285.50

prior close

₹1292.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-0.4% vs market

Auto Components & Equipments peers, median of 117sector+0.6%+0.4% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts more than its Auto Components & Equipments 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

+0.1

10m

+1.0

15m

+1.2

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9+1.4-0.4+0.6+0.4

Next day

-2.4+1.5-3.9+0.8-3.2

-3.2+0.5-3.7+0.0-3.2

-2.1+1.1-3.2+0.2-2.2

-3.9+0.7-4.5+0.6-4.5

-8.3-0.4-7.8-0.0-8.2

-6.7+0.5-7.3+0.7-7.4

15d

-10.2+0.1-10.2+0.2-10.3

-18.0+3.5-21.5+2.3-20.3

+10.1+5.8+4.3-0.5+10.6

+0.7+2.4-1.6-1.1+1.9

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 117Pending

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

AI summary

CRISIL upgraded ratings on Rane Madras bank loan facilities worth Rs 1,085 Crores. Long-term rating improved from CRISIL A+/Stable to CRISIL AA-/Stable, and short-term rating moved up from CRISIL A1 to CRISIL A1+. The upgrade covers 10 facilities across banks including SBI, HDFC, Kotak, ICICI, Axis, DBS, Standard Chartered, Bank of Baroda, and Exim Bank.

Likely market impact

Stronger credit profile may lower future borrowing costs and signals improved financial health to lenders and investors.