Announced Mon, 29 Jun · 15:34 IST
ICRA reaffirms A+ rating on Thangamayil Jewellery; working capital limit raised to Rs 1,412 cr
THANGAMAYL · 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
+0.6%1-day move
₹5859.00
prior close
₹5950.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+1.4+2.4+2.6+0.6+8.2+5.1+7.0+8.4+12.6+9.8———
Up moveDown movePending
AI summary
ICRA has reaffirmed [ICRA]A+ (Stable) rating on Thangamayil Jewellery's fixed deposit programme worth Rs 95 crore. The long-term/short-term rating of A+ (Stable)/A1 on working capital facilities was reaffirmed and assigned for an enhanced amount of Rs 1,412 crore. The increase covers limits across Axis Bank, HDFC Bank, ICICI Bank, Federal Bank, Kotak Mahindra Bank, and Yes Bank. A+ Stable is a strong investment grade rating indicating healthy financial standing.
Likely market impact
Stable outlook and enhanced working capital limit indicate strong financial health and higher borrowing capacity to support business growth.