Announced Thu, 2 Jul · 12:39 IST
SRM Contractors credit rating upgraded by CareEdge Ratings
SRM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹513.80
prior close
₹521.35
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.0-0.6-0.8-0.7-2.3-4.7-7.6-7.1-3.0-2.5———
Up moveDown movePending
AI summary
CareEdge Ratings upgraded SRM Contractors' bank facility ratings. Long term facilities of Rs 20.90 crore (enhanced from 6.90) moved from CARE A-; Stable to CARE A; Stable. Long term or short term facilities of Rs 409.50 crore (enhanced from 223.50) moved from CARE A-; Stable or CARE A2 to CARE A; Stable or CARE A1. Total rated facilities now stand at Rs 430.40 crore. Upgrade was based on FY26 audited operational and financial performance.
Likely market impact
Higher credit rating signals improved financial strength and may lower future borrowing costs, a positive for shareholders and lenders.