Announced Fri, 26 Jun · 20:49 IST
CRISIL upgrades outlook to Positive on Venus Pipes rating; loans enhanced to Rs 600 Cr
VENUSPIPES · 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
+2.2%1-day move
₹1690.00
prior close
₹1696.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-0.7-0.0+0.4+2.2+6.7+5.9+5.5+7.1+3.8+0.0———
Up moveDown movePending
AI summary
CRISIL revised the outlook on Venus Pipes and Tubes bank facilities to Positive from Stable, while reaffirming the long-term rating at A and short-term rating at A1. Total rated bank loan facilities were enhanced to Rs 600 Crore from Rs 479 Crore. Facilities span cash credit, term loans, bank guarantees and letters of credit from SBI, Axis Bank, RBL, Federal Bank and Shinhan Bank.
Likely market impact
Positive outlook signals improving financial health. Higher Rs 600 Cr facility supports growth plans. Favorable for shareholders.