CARE Ratings upgrades Innova Captab to CARE A
Innova Captab (INNOVACAP) said CARE Ratings has upgraded its credit rating to CARE A. The company is valued at about ₹7,331 crore.
What happened
Innova Captab (INNOVACAP) told the exchanges on 29 September 2026 at 06:47 PM that CARE Ratings has upgraded its credit rating to CARE A.
From the filing: "CARE Ratings Limited, a credit rating agency, has revised the credit ratings on banking facilities of the Company."
Company snapshot
Innova Captab is a small-cap company, with a market value of about ₹7,331 crore.
The stock last traded at ₹1,281, against a 52-week range of ₹622–₹1,353.5 (5.4% below the high).
Before this filing the shares had moved +25.4% over the month and +30.9% over three months. Average daily turnover over the last 20 sessions was about ₹14.03 crore.
Promoters held 50.90% at the end of Q1 FY27. Foreign institutions owned 0.34% and domestic institutions 19.92%.
What history shows
This is not the company's first credit rating disclosure: BCEIE has 1 earlier filing of this kind on record since May 2026.
Market-wide, 1,184 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.2%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.