CARE Ratings Reaffirms Bank Facility Credit Ratings for Precision Wires India Ltd
Precision Wires India Limited has received a credit rating update from CARE Ratings Limited concerning its bank facilities as of July 09, 2026. The ratings, which reaffirm the status of the company's financing arrangements, cover both short-term and long-term banking facilities.CARE Ratings provided the assessment for Precision Wires India Limited, noting that the ratings were reaffirmed in relation to the various bank facilities extended to the company.
The details of the rated facilities, including the amounts and corresponding actions by CARE Ratings, are summarized below:
| Facilities | Amount (Rs. In crore) | Rating | Rating Action |
|---|---|---|---|
| Long Term Bank Facilities | 453.08 (Enhanced from 346.08) | CAREA+; Stable | Reaffirmed |
| Short Term Bank Facilities | 1,644.00 (Enhanced from 995.00) | Care A1 | Reaffirmed |
The ratings confirm the status of both long-term and short-term bank facilities for Precision Wires India Limited.
PRECWIRE Stock Price Movement
As of 11:27 AM, shares of Precision Wires India Limited are slipping by 0.98% in live trading, currently trading at ₹385.45 as the market progresses. The stock has seen high activity with a volume of 122,506 shares, maintaining a buffer above its intraday low of ₹382.1.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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