 Carraro IndiaAuto Components & Equipments | Rating outlook revised to Positive; short-term rating upgraded to IND A1+13 Jul 2026Rating Upgraded×2 | -0.6% -5.3% -8.5% | ₹532 | 3,022 Cr | 21.7vs 26.9 | 23.2% | +3.5% |
 Sbec SugarSugar | SBEC Sugar repays Rs 5 crore loan from Priyadarshini Polysacks11 Jul 2026Debt Prepaid×2 | -1.5% -3.0% +9.1% | ₹68 | 324 Cr | 2.0vs 8.8 | 7.4% | -24.0% |
 Himadri Speciality Chem LCarbon Black | ICRA upgrades Himadri Speciality Chemical long-term rating to AA Stable10 Jul 2026Rating Upgraded×2 | +1.7% +16.0% +18.0% | ₹655 | 33,045 Cr | 41.9 | 19.7% | +20.2% |
 Vadilal IndustriesDairy Products | Credit rating upgraded from IND A- to IND A+ with Positive outlook10 Jul 2026Rating Upgraded×2 | +5.9% +4.9% +21.3% | ₹7,428 | 5,341 Cr | 44.8vs 19.0 | 19.3% | +21.8% |
 Aster DM Quality CareHospital | ICRA upgrades Aster DM long-term rating to AA with stable outlook10 Jul 2026Rating Upgraded | +0.9% -1.1% +1.7% | ₹761 | 39,448 Cr | 101.8vs 44.9 | 8.5% | -1.2% |
 Radico KhaitanBreweries & Distilleries | Credit rating outlook revised to Positive by CARE Ratings10 Jul 2026Rating Upgraded×2 | -0.0% +1.9% +14.9% | ₹4,640 | 62,126 Cr | 92.9vs 25.9 | 22.1% | -50.0% |
 GMR AirportsAirport & Airport services | CARE Ratings upgrades GMR Airports credit rating to A+ Positive10 Jul 2026Rating Upgraded | +0.9% -2.5% -8.5% | ₹99.63 | 1.05 L Cr | 203.3 | 0.8% | +7.3% |
 Vadilal EnterprisesDairy Products | Vadilal Enterprises credit rating upgraded to IND A plus by India Ratings10 Jul 2026Rating Upgraded | +2.0% 0.0% +7.7% | ₹9,700 | 834 Cr | 16.4vs 19.0 | 17.4% | +30.2% |
 Waaree Renewable TechOther Electrical Equipment | Waaree Renewable Tech: Credit rating withdrawn after loan repayment10 Jul 2026Debt Prepaid | +1.7% +1.9% -8.2% | ₹875 | 9,130 Cr | 16.5vs 25.2 | 61.2% | +42.3% |
 Investment & Prec Cast LCastings & Forgings | CARE Ratings upgrades IPCL credit rating to BBB Stable10 Jul 2026Rating Upgraded | +0.6% +11.3% +44.6% | ₹1,315 | 1,315 Cr | 111.8vs 28.9 | 13.0% | +20.4% |
 Intl ConveyorsIndustrial Products | CARE Ratings upgrades ICL bank facilities to BBB Stable and A3+9 Jul 2026Rating Upgraded×2 | -1.1% -3.7% -8.2% | ₹77.06 | 492 Cr | 10.6vs 23.8 | 19.0% | +114.2% |
 Rane (madras)Auto Components & Equipments | CRISIL upgrades Rane Madras credit rating to AA-9 Jul 2026Rating Upgraded×2 | -2.4% -6.7% -18.0% | ₹1,098 | 3,036 Cr | 22.5vs 26.9 | 15.8% | +14.0% |
 Federal BankPrivate Sector Bank | Federal Bank gets first-ever S&P international rating at BBB-/A-39 Jul 2026Rating Upgraded | +1.4% +8.7% +9.3% | ₹361 | 88,961 Cr | 36.5vs 24.9 | — | — |
 Faze ThreeOther Textile Products | Credit rating reaffirmed, removed from negative watch with Stable outlook9 Jul 2026Rating Upgraded | +2.3% +2.3% +0.1% | ₹504 | 1,225 Cr | 23.5vs 15.3 | 8.3% | +33.9% |
 Gokul Agro ResourcesEdible Oil | Crisil reaffirms rating, outlook revised to Positive8 Jul 2026Rating Upgraded×2 | +2.6% +2.8% +9.4% | ₹244 | 7,185 Cr | 18.3vs 18.9 | 26.9% | -6.6% |
 Dhabriya PolywoodPlastic Products - Industrial | CRISIL upgrades Dhabriya Polywood rating to BBB+ from BBB8 Jul 2026Rating Upgraded | +0.2% +3.3% +26.6% | ₹572 | 619 Cr | 20.6vs 16.7 | 25.5% | +9.9% |
 Sterlite TechnologiesSTLTECH | ICRA upgrades long-term credit rating from AA- to AA with Stable outlook7 Jul 2026Rating Upgraded×3 | -0.2% -7.2% +13.7% | ₹626 | 30,674 Cr | 363.9 | 3.0% | +39.4% |
 Mtar TechnologiesOther Electrical Equipment | ICRA upgrades MTAR Technologies credit rating to A+ with stable outlook7 Jul 2026Rating Upgraded×2 | -0.6% -13.3% -1.4% | ₹7,020 | 21,593 Cr | 136.7vs 25.2 | 12.4% | +125.7% |
 Anand Rathi SH N STK BR LStockbroking & Allied | CARE reaffirms Commercial Paper at A1+, withdraws other facility ratings7 Jul 2026Rating Upgraded×2 | +0.9% -6.5% -12.2% | ₹513 | 3,218 Cr | 16.8vs 15.8 | 11.5% | +12.5% |
 Shilpa MedicarePharmaceuticals | Credit rating upgraded to IND AA- with Stable outlook7 Jul 2026Rating UpgradedDebt Prepaid | +4.6% +3.8% +35.3% | ₹816 | 15,961 Cr | 51.8vs 28.5 | 10.3% | +18.1% |
 Pasupati SPG.& Wvg.millsOther Textile Products | Credit rating upgraded to IND BB from IND BB- with Stable outlook7 Jul 2026Rating Upgraded | pending | ₹36 | 34 Cr | 15.1vs 15.3 | 7.3% | +1.3% |
 Garware Hi-tech FilmsPlastic Products - Industrial | CARE Ratings upgrades long term facility rating to AA from AA minus7 Jul 2026Rating Upgraded | -2.1% -0.9% -1.2% | ₹7,149 | 16,606 Cr | 53.4vs 16.7 | 16.4% | +4.7% |
 Bharat Wire RopesIron & Steel Products | Credit Rating Reaffirmed by CARE Ratings7 Jul 2026Debt Prepaid×2 | -4.8% -5.5% -8.0% | ₹188 | 1,280 Cr | 13.3vs 16.9 | 16.7% | -7.5% |
 TVS Supply Chain Sol LLogistics Solution Provider | India Ratings revises outlook to Positive on IND AA rating6 Jul 2026Rating Upgraded | -2.2% +0.5% -2.9% | ₹122 | 5,374 Cr | 99.0vs 16.2 | 4.8% | +13.9% |
 Ventive HospitalityHotels & Resorts | Subsidiary avails INR 1,100 mn term loan from ICICI Bank to repay ICD6 Jul 2026Debt Prepaid | -2.8% -2.7% -4.4% | ₹563 | 13,148 Cr | 25.5vs 22.9 | 7.4% | +59.1% |
 Rajputana StainlessIron & Steel Products | CRISIL upgrades Rajputana Stainless credit ratings to BBB plus Stable4 Jul 2026Rating Upgraded×2 | +0.8% -1.9% +18.4% | ₹165 | 1,379 Cr | 30.2vs 16.9 | 17.7% | — |
 SkipperHeavy Electrical Equipment | Crisil upgrades Skipper Limited long-term rating to A+/Stable; facilities raised to Rs 4,621 cr4 Jul 2026Rating Upgraded×2 | -3.7% -4.8% -8.1% | ₹554 | 6,344 Cr | 23.9vs 33.9 | 12.4% | +32.1% |
 PNB Housing FinHousing Finance Company | CARE reaffirms PNB Housing Finance AAA rating across all facilities3 Jul 2026Rating Upgraded×5 | +4.0% +3.7% +8.0% | ₹1,170 | 30,492 Cr | 13.4vs 13.9 | — | +2.5% |
 Kalpataru Project IntCivil Construction | India Ratings upgrades Kalpataru Projects debt to IND AA+/Stable3 Jul 2026Rating Upgraded | -2.6% -6.5% -7.0% | ₹1,407 | 24,032 Cr | 20.5vs 15.4 | 15.0% | +19.1% |
 Adani Total GasLPG/CNG/PNG/LNG Supplier | CRISIL upgrades Adani Total Gas ESG rating to 66 from 613 Jul 2026Rating Upgraded | -1.3% -0.8% -8.3% | ₹645 | 70,970 Cr | 108.6vs 17.3 | 11.8% | +7.5% |
 SagilityIT Enabled Services | Sagility announces partial redemption of unlisted debentures3 Jul 2026Debt Prepaid×2 | +1.3% +2.7% +7.2% | ₹43.36 | 20,289 Cr | 19.4vs 19.6 | 11.6% | +22.1% |
 Music BroadcastMedia & Entertainment | CRISIL reaffirms AA rating on bank facilities; preference share rating withdrawn3 Jul 2026Debt Prepaid×2 | +0.2% -0.5% +14.0% | ₹6.67 | 231 Cr | — | -11.8% | +7.8% |
 Anthem BiosciencesBiotechnology | ICRA upgrades Anthem Biosciences long-term credit rating to AA with stable outlook3 Jul 2026Rating Upgraded×2 | 0.0% -3.0% +7.1% | ₹870 | 48,841 Cr | 263.5vs 61.0 | 26.6% | +11.1% |
 SPML InfraCivil Construction | SPML Infra credit rating upgraded by ICRA across all instruments3 Jul 2026Rating Upgraded×2 | +0.2% -2.9% -0.7% | ₹193 | 1,605 Cr | 15.7vs 15.4 | 5.0% | +54.7% |
 D&H IndiaIndustrial Products | D&H India gets upgraded credit rating on bank facilities2 Jul 2026Rating Upgraded×2 | +4.8% -0.6% -15.0% | ₹170 | 174 Cr | 19.3vs 23.8 | 11.4% | +22.1% |
 HFCLTelecom - Infrastructure | Subsidiary HTL credit rating upgraded from BBB+ to A with Positive Outlook2 Jul 2026Rating Upgraded×4 | +9.3% +2.9% -2.4% | ₹228 | 34,845 Cr | 60.6vs 12.6 | 7.8% | +74.8% |
 JSW InfrastructurePort & Port services | Moody's assigns Investment Grade Baa3 rating to JSW Infrastructure2 Jul 2026Rating Upgraded | -1.0% +5.1% +0.8% | ₹337 | 70,209 Cr | 46.8vs 14.6 | 10.2% | +20.3% |
 SRM ContractorsCivil Construction | SRM Contractors gets rating upgrade from CareEdge2 Jul 2026Rating Upgraded×2 | -0.7% -3.0% -3.5% | ₹468 | 1,074 Cr | 6.9vs 15.4 | 27.9% | +116.2% |
 JD CablesCables - Electricals | JD Cables credit rating upgraded to IVR BBB with Stable outlook2 Jul 2026Rating Upgraded | +2.4% +3.3% -9.3% | ₹207 | 467 Cr | 14.7vs 24.9 | 28.9% | — |
 PNC InfratechCivil Construction | Subsidiary Kanpur Lucknow Expressway rating upgraded to CARE AA1 Jul 2026Rating Upgraded×2 | +2.4% +6.5% +6.9% | ₹207 | 5,303 Cr | 14.4vs 15.4 | 8.8% | +43.4% |
