ICRA reaffirms ratings for enhanced Sanghvi Movers credit limits

Credit & Debt View source PDF Explain this filing

SANGHVIMOV · 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

+1.2%Reaction day

₹378.00

prior close

₹376.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+2.0% vs market

Diversified Commercial Services peers, median of 72sector-0.4%+1.6% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.6 pts more than its Diversified Commercial Services 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

+0.6

10m

+0.3

15m

+0.4

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2-0.7+2.0-0.4+1.6

Next day

+4.5-1.0+5.5-0.4+4.9

+2.7-1.4+4.1-1.4+4.1

+0.1-2.4+2.5-2.1+2.2

-2.9-4.5+1.6-2.4-0.5

-1.1-5.3+4.2-2.6+1.5

+1.9-4.3+6.2-3.3+5.2

15d

-2.1-4.6+2.5-6.5+4.3

-4.4-2.2-2.2-4.5+0.1

-13.8-5.6-8.2-11.9-1.9

-8.7-6.6-2.0-13.5+4.9

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 72Pending

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

AI summary

ICRA reaffirmed Sanghvi Movers' long-term fund-based rating at A+ with a stable outlook and its short-term rating at A1. The ratings were assigned for enhanced term loans, cash credit, non-fund-based limits and unallocated limits. The filing does not state the revised amounts.

Likely market impact

The rating affirmation and enhanced limits may support liquidity and borrowing flexibility, but no revised amounts or loan terms were disclosed.