ICRA Limited has upgraded the Credit Rating.

Rating UpgradedCredit & Debt View source PDF Explain this filing

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

₹1330.00

prior close

₹1361.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.4%-0.1% vs market

Commodity Chemicals peers, median of 52sector+1.3%+1.0% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 1.0 pts more than its Commodity Chemicals 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

+1.0

10m

+1.5

15m

+1.0

30m

+2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.3+2.4-0.1+1.3+1.0

Next day

+1.6+1.1+0.5+1.0+0.6

+5.3+4.6+0.8+2.0+3.3

+8.5+7.9+0.5+4.7+3.7

+10.2+8.8+1.3+5.5+4.7

+9.1+9.6-0.5+7.1+2.1

+22.0+12.2+9.7+9.0+12.9

15d

+14.6+8.6+6.0+4.4+10.2

+13.7+6.2+7.5+0.3+13.4

+18.8+22.7-3.9+11.9+6.9

+46.3+23.5+22.8+12.1+34.2

UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 52Pending

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

AI summary

ICRA Limited has upgraded TANFAC Industries' credit ratings across all facilities. The fund-based working capital limits of Rs. 20 crore moved up from [ICRA]A (Stable) to [ICRA]A+ (Stable). The non-fund-based working capital facilities of Rs. 68 crore were upgraded from [ICRA]A1 to [ICRA]A1+. Additionally, the standby line of credit of Rs. 2 crore also moved from [ICRA]A1 to [ICRA]A1+. A higher rating indicates stronger financial health and lower perceived credit risk.

Likely market impact

Positive for shareholders — the upgrade signals improved creditworthiness, which may lower borrowing costs and improve access to funding. This is a sentiment-supportive development for the stock.