Credit rating assigned to Rs 60 crore bank facilities

New Credit FacilityCredit & Debt View source PDF Explain this filing

SHRIKANHA · 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

-3.4%Reaction day

₹21.75

prior close

₹21.75

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-3.6% vs market

On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250, 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

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-3.4+0.2-3.6

Next day

-3.7+0.9-4.6

-3.0-0.8-2.2

+0.0-0.1+0.1

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—-4.3—

+0.7-7.5+8.2

15d

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Acuite Ratings assigned credit ratings to Shri Kanha Stainless bank facilities totalling Rs 60 crore. Long-term loans of Rs 46 crore got ACUITE BBB with Stable outlook, while short-term facilities of Rs 14 crore got ACUITE A3+. Lenders include Bank of Maharashtra, Yes Bank, Axis Bank, and Unity Small Finance Bank across cash credit, bank guarantee, letter of credit, and bills discounting.

Likely market impact

Initial investment-grade BBB rating on Rs 60 crore debt; an assignment rather than a change, so limited immediate stock catalyst.