Stock Market: Rating of this housing finance company upgraded, keep an eye on the stock:

News Topical, Digital Desk : Action can be seen in the stocks of many companies next week. After the market closed on Friday, news is coming about the stocks and now the effect of these news can be seen on the stocks in the next session. One of these stocks is also of housing finance company Aadhar Housing Finance. On Saturday, the company informed that CARE Ratings has reviewed its ratings and shared the information about the results. According to the company, the ratings of many of its instruments have been upgraded. Giving information about the rating review in a letter sent to the company, CARE said that the rating has been reviewed in view of the company's business and financial performance for the financial year 2025.

What information has the company given?

According to the information sent by the company to the stock market, Care has upgraded the rating of NCD of Rs 810 crore from Care Double A Stable to Care Double A Plus Stable. Apart from this, the rating of NCD of Rs 556 crore has been upgraded from Care Double A Stable to Care Double A Plus Stable. Another NCD of Rs 500 crore has been upgraded from Care Double A Stable to Care Double A Plus. Apart from this, the rating of subordinate debt and FD has also been upgraded. Rating upgrade makes it easier for companies to raise funds in the future and also reduces their cost of raising funds.

How was the performance of the stock?

The stock closed flat in Friday's trading. Currently, the stock remains below the level of 450. The stock reached the year's low of 340 in March this year. At the same time, in September last year, the stock was close to the year's highest level of 517. The stock is a part of BSE 500. A year ago, the stock was below the level of 420. That is, the return of the stock has been limited in one year.