Automotive Stampings and Assemblies Ltd shares jump 2.22% as CRISIL reviews credit rating
Why did Automotive Stampings and Assemblies Ltd shares jump today?
Automotive Stampings and Assemblies Ltd shares saw a notable jump of 2.22% today. As of 03:35 PM on Tuesday, the stock was trading at ₹508.5. This positive movement came after the company announced a key update regarding its financial health to the stock exchanges.
The news that fueled this rally was the completion of a credit rating review by CRISIL Ratings Limited. In its official intimation, the company disclosed that CRISIL has reviewed the ratings on its total bank loan facilities of ₹169 Crore. The review resulted in the confirmation of its credit ratings, with the long-term rating being reaffirmed at 'CRISIL A-/Stable' and the short-term rating at 'CRISIL A2+'.
Such a review and the maintenance of stable ratings are generally seen as a positive signal by the market. It indicates continued confidence from a major rating agency in the company's financial stability and its ability to service debt. This reassurance likely prompted investors to react positively, leading to the increase in the share price during the trading session.
What does Automotive Stampings and Assemblies Ltd do?
Automotive Stampings and Assemblies Limited is a publicly listed company with scrip codes on both the BSE Limited and the National Stock Exchange of India Ltd. It is identified by the Corporate Identity Number L28932PN1990PLC016314. The company engaged in a communication regarding information pertinent to stock exchange regulations.
Based on a review by CRISIL, the company has total bank loan facilities rated at Rs. 169 Crore. The long-term rating assigned is CRISIL A-/STABLE, and the short-term rating is CRISIL A2+. This information was formally submitted to the stock exchanges for their records.
Automotive Stampings and Assemblies Ltd Financials
In CroresBased on the provided data, Automotive Stampings and Assemblies Ltd saw a decline in its financials from March 2026 to June 2026, with revenue falling from ₹255.55 Crores to ₹253.32 Crores and profit decreasing significantly from ₹13.28 Crores to ₹4.69 Crores, indicating a downward trend in both revenue and profitability over this period.
Automotive Stampings and Assemblies Ltd Shareholding Pattern
Promoter holding stands at 75.0% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.09% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 24.9% stake in Automotive Stampings and Assemblies Ltd.
Automotive Stampings and Assemblies Ltd FAQs
Q: Why did Automotive shares jump 2.22% today?
Intimation of Credit Rating reviewed by CRISIL Ratings Limited. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Automotive Stampings and Assemblies Ltd?
As per the latest data, promoters hold 75.0% stake in Automotive Stampings and Assemblies Ltd, while FII holding stands at 0.09%. Domestic institutional investors hold 0.0%, and public shareholders account for 24.9% of the equity.
Q: What is the current stock price of Automotive Stampings and Assemblies Ltd?
Automotive Stampings and Assemblies Ltd shares are currently trading at ₹508.5, recording a gain of 2.22% from the previous close.
Q: What is the market capitalization of Automotive Stampings and Assemblies Ltd?
The company currently has a market capitalization of ₹806.7 crore, reflecting its valuation in the Indian equity market.