 V2 RetailSpeciality Retail | V2 Retail Credit Rating Upgraded to IND A/Positive by India Ratings2 Sept 2026Rating Upgraded×2 | -1.4% -1.8% -24.3% | ₹155 | 5,656 Cr | 3.6vs 25.5 | 14.2% | +57.7% |
 Control PrintComputers Hardware & Equipments | CRISIL upgrades Control Print rating to A/Stable, then withdraws at company's request2 Sept 2026Rating Upgraded | +0.1% -3.0% +2.8% | ₹615 | 983 Cr | 25.2vs 27.0 | 15.5% | +3.8% |
 Vishal Mega MartDiversified Retail | Vishal Mega Mart gets credit rating upgraded to IND AA+2 Sept 2026Rating Upgraded | -0.1% -4.9% -8.2% | ₹97 | 45,361 Cr | 50.8vs 30.6 | 12.7% | +18.7% |
 HDFC BankPrivate Sector Bank | HDFC Bank to redeem INR 7,390 crore AT1 notes on Sep 30, 20261 Sept 2026Debt Prepaid×2 | -0.1% -0.2% -0.7% | ₹692 | 10.66 L Cr | 13.5vs 12.1 | — | — |
 Vaibhav GlobalGems Jewellery And Watches | CARE upgrades short-term rating to A1 plus for Vaibhav Global bank facilities1 Sept 2026Rating Upgraded | -1.6% -2.2% -7.9% | ₹203 | 3,396 Cr | 11.9vs 26.3 | 14.6% | +12.7% |
 JSW EnergyPower Generation | JSW Energy: CARE upgrades ratings for 2 O2 subsidiaries1 Sept 2026Rating Upgraded×3 | +3.8% +2.0% -4.7% | ₹467 | 85,547 Cr | 41.6vs 20.4 | 1.9% | +1.2% |
 The Phoenix MillsResidential Commercial Projects | Credit rating upgraded to AA+ from AA by India Ratings1 Sept 2026Rating Upgraded | +0.5% -0.5% +1.6% | ₹1,771 | 63,345 Cr | 49.5vs 20.8 | 9.9% | +12.8% |
 Havells IndiaConsumer Electronics | Havells gets highest corporate governance grade CG 1 from CareEdge1 Sept 2026Debt Prepaid | -4.1% -10.3% -16.4% | ₹1,024 | 64,247 Cr | 39.3vs 31.1 | 21.5% | +19.5% |
 Adani PowerIntegrated Power Utilities | Ind-Ra upgrades Adani Power credit rating to IND AA+ from IND AA, stable outlook1 Sept 2026Rating Upgraded×2 | +4.4% +7.8% -0.9% | ₹188 | 3.63 L Cr | 25.4vs 25.4 | 12.7% | +34.0% |
 Shiva TexyarnOther Textile Products | Credit rating upgraded across all bank facilities by CARE Ratings31 Aug 2026Rating Upgraded | -0.3% +0.3% -5.4% | ₹165 | 214 Cr | 22.2vs 16.4 | 7.2% | -3.1% |
 GMM PfaudlerIndustrial Products | Subsidiary GMM International repays EUR 7 million debt31 Aug 2026Debt Prepaid | +6.1% +27.7% +43.4% | ₹1,343 | 6,037 Cr | 81.0vs 28.5 | 4.1% | +16.4% |
 Jain Resource RecyclingDiversified Metals | CRISIL upgrades Jain Resource Recycling rating to AA- with Stable outlook28 Aug 2026Rating Upgraded | -2.6% +2.9% +1.1% | ₹281 | 9,687 Cr | 26.4 | 29.5% | +75.9% |
 Gabriel IndiaAuto Components & Equipments | CRISIL upgrades Gabriel India rating to AA plus with stable outlook27 Aug 2026Rating Upgraded×2 | +7.0% +2.2% -0.1% | ₹1,329 | 23,554 Cr | 68.8vs 26.7 | 21.9% | +29.8% |
 Hester BiosciencesPharmaceuticals | Hester Biosciences gets credit rating upgrade from CARE Ratings27 Aug 2026Rating Upgraded | -2.1% +1.8% -7.1% | ₹2,055 | 1,748 Cr | 12.8vs 31.2 | 13.2% | -8.2% |
 Inox Green Energy SerDiversified Commercial Services | Acuite assigns AA- Stable long-term and A1+ short-term ratings to banking facilities27 Aug 2026Rating Upgraded | -2.7% +2.2% -0.7% | ₹116 | 4,657 Cr | 37.3vs 13.6 | 9.0% | -23.0% |
 Prism JohnsonCement & Cement Products | Crisil reaffirms A1+ rating on Prism Johnson commercial paper programme27 Aug 2026Debt Prepaid×2 | 0.0% +1.2% +3.4% | ₹96.46 | 4,855 Cr | 27.8vs 29.8 | 2.7% | -4.5% |
 Shakti Pumps (I)Compressors Pumps & Diesel Engines | ICRA upgrades Shakti Pumps overall ESG rating to 78, Good27 Aug 2026Rating Upgraded | -1.8% -4.5% -6.4% | ₹425 | 5,241 Cr | 24.7vs 44.4 | 19.6% | +37.9% |
 Milky Mist Dairy FoodMILKYMIST | CRISIL upgrades Milky Mist credit rating to A+/Stable from A-/Positive27 Aug 2026Rating Upgraded | -2.6% +27.6% +46.4% | ₹330 | 21,201 Cr | 326.5 | — | — |
 Ambika Cotton MillOther Textile Products | CRISIL upgrades short-term rating to A1+; long-term A+/Stable reaffirmed27 Aug 2026Rating Upgraded×2 | -0.3% +0.1% -5.0% | ₹1,480 | 847 Cr | 10.4vs 16.4 | 9.8% | +34.4% |
 Dhoot TransmissionDHOOTTRANS | CRISIL upgrades Dhoot Transmission long-term rating to AA/Stable26 Aug 2026Rating Upgraded | -2.2% +3.7% -1.1% | ₹1,429 | 26,932 Cr | 203.0 | — | — |
 ArvindGarments & Apparels | CARE upgrades Arvind credit rating to AA with stable outlook25 Aug 2026Rating Upgraded | +0.5% +2.4% +0.8% | ₹512 | 13,418 Cr | 32.4vs 18.2 | 11.9% | +24.6% |
 Neuland LabPharmaceuticals | CRISIL reaffirms ratings; outlook revised to Positive25 Aug 2026Rating Upgraded | +2.0% -1.5% -6.6% | ₹21,015 | 27,109 Cr | 54.2vs 31.2 | 22.0% | +119.2% |
 Zydus LifesciencesPharmaceuticals | ESG rating upgraded to 66 by CRISIL, now in 'strong' category25 Aug 2026Rating Upgraded | +5.6% -0.4% +8.0% | ₹1,112 | 1.11 L Cr | 24.8vs 31.2 | 18.0% | +22.0% |
 Axis BankPrivate Sector Bank | Axis Bank to redeem USD 600M AT1 notes on Sep 8, 202624 Aug 2026Debt Prepaid | +1.6% +2.8% -1.1% | ₹1,245 | 3.87 L Cr | 13.9vs 12.1 | — | — |
 Ashiana HousingResidential Commercial Projects | Ashiana Housing pays interest and partial redemption on NCDs24 Aug 2026Debt Prepaid×2 | +1.3% +0.9% +7.3% | ₹370 | 3,719 Cr | 30.7vs 20.8 | 13.1% | -63.3% |
 Fineotex ChemicalSpecialty Chemicals | ICRA upgrades Fineotex Chemical long-term rating to AA- Stable24 Aug 2026Rating Upgraded×2 | +2.6% -1.8% +22.0% | ₹56 | 6,521 Cr | 16.9vs 24.3 | 16.0% | +174.8% |
 SRG Housing FinanceHousing Finance Company | SRG Housing Finance pays interest and partly redeems INE559N0706624 Aug 2026Debt Prepaid | +1.2% -2.7% -42.9% | ₹121 | 190 Cr | 5.5vs 11.1 | — | +29.3% |
 Ivalue InfosolutionsComputers Hardware & Equipments | ICRA upgrades iValue Infosolutions credit rating to A+ and A1+24 Aug 2026Rating Upgraded | -1.6% -16.7% -18.3% | ₹226 | 1,236 Cr | 11.9vs 27.0 | 21.9% | -21.1% |
 Wonderla HolidaysAmusement Parks/ Other Recreation | CARE upgrades outlook to Positive on Wonderla bank facilities21 Aug 2026Rating Upgraded | -1.7% +1.6% -2.5% | ₹508 | 3,224 Cr | 31.6 | 5.8% | +44.2% |
 Nuvoco Vistas CorpCement & Cement Products | CRISIL reaffirms A1+ rating; Nuvoco cuts Commercial Paper limit by Rs 600 cr21 Aug 2026Debt Prepaid | +0.5% +2.5% +5.1% | ₹322 | 11,501 Cr | 29.8vs 29.8 | 3.7% | +8.9% |
 Greenpanel IndustriesPlywood Boards/ Laminates | CARE reaffirms Greenpanel ratings, outlook revised to Stable21 Aug 2026Rating Upgraded | -1.2% -0.2% +3.4% | ₹153 | 1,879 Cr | 13.2vs 26.0 | 10.9% | -10.2% |
 NMDC SteelIron & Steel | Crisil upgrades NMDC Steel long-term rating to A/Stable from BBB+21 Aug 2026Rating Upgraded | +1.8% +16.0% +7.5% | ₹39.05 | 11,444 Cr | 126.0vs 15.2 | 0.5% | +8.8% |
 Duroply IndustriesPlywood Boards/ Laminates | Duroply Industries: Credit Rating Upgraded by India Ratings20 Aug 2026Rating Upgraded | -0.1% +2.9% +5.0% | ₹104 | 113 Cr | 12.9vs 26.0 | 3.8% | +4.9% |
 J & K BankPrivate Sector Bank | Credit ratings affirmed at IND AA-/Stable by India Ratings20 Aug 2026Debt Prepaid | -0.5% -1.3% -2.8% | ₹135 | 14,884 Cr | 6.5vs 12.1 | — | — |
 Indusind BankPrivate Sector Bank | IndusInd Bank: CRISIL revises outlook to Stable, reaffirms AA+ rating19 Aug 2026Rating Upgraded | -1.1% -0.0% -5.7% | ₹864 | 67,317 Cr | 50.9vs 12.1 | — | — |
 Thyrocare TechHealthcare Service Provider | API Holdings fully repays 1,700 crore NCDs; pledge on Thyrocare shares released19 Aug 2026Debt Prepaid | -2.4% +4.7% -1.3% | ₹500 | 7,959 Cr | 29.3vs 22.5 | 33.2% | +24.3% |
 Allied Blend N DistilsBreweries & Distilleries | India Ratings upgrades ABD rating by two notches to IND AA- with Stable Outlook19 Aug 2026Rating Upgraded×2 | -3.8% -0.5% +7.0% | ₹691 | 19,328 Cr | 88.3vs 26.0 | 17.8% | +1.9% |
 IRM EnergyLPG/CNG/PNG/LNG Supplier | CRISIL revises IRM Energy outlook to Stable, reaffirms AA- rating18 Aug 2026Rating Upgraded | -1.1% -2.9% -6.9% | ₹255 | 1,047 Cr | 14.3vs 14.4 | 7.1% | +24.3% |
 Premier EnergiesOther Electrical Equipment | CRISIL Upgrades Premier Energies Long-Term Credit Rating to A+/Positive18 Aug 2026Rating Upgraded×2 | -1.3% -1.6% -10.9% | ₹885 | 40,159 Cr | 23.8vs 24.6 | 25.7% | +35.3% |
 Indo Tech TransformINDOTECH | Credit rating affirmed, outlook revised to Positive by India Ratings17 Aug 2026Rating Upgraded×2 | +2.8% +3.3% -7.1% | ₹3,155 | 3,351 Cr | 33.7 | 32.4% | +39.0% |
