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Shriram Finance receives Moody’s upgrade to Baa3 rating

pre-market1 source ↓written by the desknot a recommendation

equity stake acquisition
₹396 billion
as of March
20% to 29%

Moody’s Ratings has upgraded Shriram Finance Limited’s long-term rating to Baa3 from Ba1, with a stable outlook. This upgrade reflects a strengthened capital position following a ₹396 billion equity stake acquisition by MUFG Bank in April 2026, enhancing financial flexibility and reducing interest expenses.

The upgrade indicates a significant improvement in Shriram Finance’s credit profile, with the tangible common equity to tangible managed assets ratio rising from 20% to 29% as of March 2026. This positions the company for better funding diversity and optimized debt management.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 10 May 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

SHRIRAMFIN closed −3.2% on the day of the news, from ₹1,007.75 to ₹975.95; Nifty −1.5% over the same session; futures OI −1.8%.

Bulletin at 07:02 IST on 10 May 2026. Every change is measured from ₹1,007.75, the last close before it, on 8 May. Nifty 50 is measured over the same sessions.

  • SHRIRAMFIN close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
SHRIRAMFIN closes around the bulletin against the close before the news, with Nifty 50 rebased to it898.1110081117axis spans 24%before the news · 8 May1008Nifty 50SHRIRAMFINbulletinD0+1+3+54 May14 May25 MayFutures open interest, lotspeak 55,000Reference close ₹1,007.75. 16 sessions from 4 May to 25 May; the price axis spans 24 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before8 May₹1,007.75basebase
On the day11 May₹975.95▼ −3.2%▼ −1.5%−1.7 pp difference
+1 session12 May₹930.45▼ −7.7%▼ −3.3%−4.4 pp difference
+3 sessions14 May₹935.10▼ −7.2%▼ −2.0%−5.2 pp difference
+5 sessions18 May₹933.70▼ −7.3%▼ −2.2%−5.2 pp difference
Gap at the open, % · ₹
▼ −1.8%−17.74 on 11 May
Day's range, % · ₹
2.0%≈ 20 high to low
Volume on the day
0.92×the 20-session average
Futures OI on the day
▼ −1.8%−930 lots · long unwinding · price −3.2%
Futures OI open, lots
50,00011 May · 26 May expiry
Futures premium, ₹
+1.90+0.2% to spot
Puts per call, by OI
0.53from 0.54 the session before
Max pain
980from 980 the session before

Source NSE UDiFF bhavcopy · SHRIRAMFIN on the desk →

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