Stove Kraft gets ICRA credit rating upgrade for long and short term facilities

Rating UpgradedCredit & Debt View source PDF Explain this filing

STOVEKRAFT · 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

+2.3%Reaction day

₹572.95

prior close

₹573.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+1.1% vs market

Household Appliances peers, median of 21sector+0.0%+2.3% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 2.3 pts more than its Household Appliances 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

+0.4

15m

+0.6

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.3+1.3+1.1+0.0+2.3

Next day

+4.4+2.6+1.7+0.8+3.5

+5.9+2.7+3.2+1.1+4.8

+3.2+2.1+1.0+0.8+2.4

+0.5+1.6-1.1+0.2+0.3

-0.3+0.8-1.2-0.9+0.6

-0.8+2.2-3.0-1.1+0.3

15d

-2.1-1.6-0.4-6.5+4.5

-11.2-3.0-8.1-7.7-3.4

-11.4-1.6-9.8-1.6-9.9

-10.5-10.5+0.0-7.4-3.0

UpDownMarket · Nifty Microcap 250Sector · Household Appliances peers, median of 21Pending

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

AI summary

ICRA upgraded Stove Kraft's long-term bank facility rating to A with Stable outlook from A- with Positive outlook, and short-term rating to A1 from A2+. The upgrade applies to the company's bank facilities and was communicated to the exchange on 18 December 2025 under SEBI Listing Regulations.

Likely market impact

Positive — stronger credit ratings can lower borrowing costs, improve lender confidence, and support the stock's appeal to investors.