ICRA downgrades Shalby credit rating to A; outlook revised to Stable

Rating DowngradedCredit & Debt View source PDF Explain this filing

SHALBY · 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

-1.8%Reaction day

₹163.37

prior close

₹164.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-0.6% vs market

Hospital peers, median of 24sector-0.2%-1.6% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.6 pts less than its Hospital 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

-1.1

15m

-1.1

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-1.3-0.6-0.2-1.6

Next day

-0.2-0.8+0.6-0.0-0.2

+0.4-1.4+1.8+0.5-0.2

-0.9-0.3-0.6+0.0-0.9

+0.1+1.0-1.0-0.2+0.2

+1.2+1.5-0.2+0.0+1.2

+0.3+3.1-2.9+1.0-0.7

15d

-6.7+4.1-10.8-0.2-6.5

-5.3+4.8-10.0-1.8-3.5

-11.3+3.1-14.5-3.4-7.9

-24.7-3.6-21.2-14.8-9.9

UpDownMarket · Nifty Microcap 250Sector · Hospital peers, median of 24Pending

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

AI summary

ICRA downgraded Shalby Limited's credit rating to ICRA A from ICRA A plus for fund and non-fund based facilities worth Rs 830 crore. The outlook was revised from Negative to Stable. Facilities cover cash credit, term loans, standby line of credit, and unallocated limits across HDFC Bank, IndusInd Bank, Citibank, and ICICI Bank.

Likely market impact

Rating downgrade signals lower creditworthiness and may raise borrowing costs. Outlook upgrade to Stable is a small positive for stability.