Long-term credit rating upgraded to CRISIL AA with Stable outlook

Rating UpgradedCredit & Debt View source PDF Explain this filing

SARDAEN · price

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▲ 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

-0.8%Reaction day

₹502.00

prior close

₹501.75

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.1%-0.9% vs market

Iron & Steel peers, median of 10sector-1.5%+0.7% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 0.7 pts more than its Iron & Steel 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

+0.2

15m

+0.2

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.1-0.9-1.5+0.7

Next day

-2.7-2.3-0.4-4.0+1.3

-4.2-1.8-2.4-3.4-0.8

-4.4-0.7-3.7-3.3-1.1

-5.9-0.4-5.5-2.7-3.2

-3.6-0.4-3.2-3.0-0.6

-2.8-1.5-1.3-2.1-0.7

15d

-8.6-4.5-4.2-4.9-3.7

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UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel peers, median of 10Pending

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

AI summary

Sarda Energy and Minerals has informed exchanges that CRISIL has upgraded its long-term rating on bank facilities of Rs 2,845.50 crore from CRISIL AA- with Positive outlook to CRISIL AA with Stable outlook. The short-term rating has been retained at CRISIL A1+. Total bank facilities rated remain unchanged at Rs 2,845.50 crore.

Likely market impact

Rating upgrade lowers borrowing costs and signals stronger financial health, which is positive for shareholders.