Announced Fri, 10 Jul · 20:27 IST
Credit rating upgraded from IND A- to IND A+ with Positive outlook
VADILALIND · 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
+5.9%1-day move
₹6443.00
prior close
₹6436.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.1—+0.2+5.9+2.7+5.4+4.3+5.2+4.9————
Up moveDown movePending
AI summary
India Ratings has upgraded Vadilal Industries' bank loan facilities to IND A+/Positive from the earlier IND A-/Stable. The upgrade covers fund-based working capital limits, non-fund-based working capital limits, and term loans arranged with banks including ICICI, HDFC, IDBI, and IndusInd. Total rated facilities are around INR 4,000 million. The outlook has also shifted to Positive, indicating room for further improvement if performance holds.
Likely market impact
Positive for shareholders. Upgrade signals stronger financial health, likely lower borrowing costs, and easier access to bank funding going forward.