CRISIL upgrades Shankara Buildpro credit rating
BUILDPRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.1 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CRISIL has upgraded Shankara Buildpro's credit ratings. Long-term rating moved from A-/Stable to Crisil A/Stable, and short-term rating improved from A2+ to A1. Total bank loan facilities rated at Rs.820 crore, enhanced from Rs.745 crore, across 13 facilities with banks including ICICI, HDFC, Citi, Kotak, and others.
Positive signal — upgraded ratings reflect improved financial health and may lower borrowing costs for the company.