Nandan Denim's stock, which trades under ₹5, nudged up to ₹2.94 after its credit rating on bank loans was reaffirmed.
Rating Reaffirmation Boosts Share Price
The rating agency confirmed that the company's bank facilities totaling about ₹339.74 crore remain solid. Its long‑term loan of ₹279.74 crore kept an IVR BBB rating with a stable outlook, while the short‑term facilities of ₹60 crore stay at IVR A3+.
Q2 2025‑26 Financial Snapshot
- Revenue: Fell 7.7% year‑on‑year to ₹786.51 crore.
- Expenses: Dropped to ₹778.20 crore, down from ₹840.76 crore a year earlier.
- Net profit: Rose 7.64% to ₹9.44 crore, up from ₹8.77 crore.
Share Price Trend
The stock opened at ₹2.85 on Tuesday, slipped a bit from the previous close of ₹2.91, then recovered to ₹2.94. Over the past month it’s down more than 6%, 24% over six months, and about 40% in the last year. However, it hit a 52‑week high of ₹5.18 in early January 2025 and a 52‑week low of ₹2.85 today.
What This Means for Small Investors
Reaffirmed ratings suggest the company can meet its debt obligations, which may give the stock some stability. For retail investors who like low‑price, high‑potential stocks, the move could be a modest positive signal. Still, the share has been volatile, so careful research and risk management are essential.
Remember, this is perspective, not a prediction. Do your own research or talk to a financial advisor before making any investment decisions.