Synopsis: A leading credit rating stock advanced over 8 percent in Thursday’s session after reporting a sharp 119 percent sequential rise in net profit for Q2FY26. Investor sentiment also improved after the company announced plans to sell a 9.9 percent stake each in its key subsidiary to SBI and NSE IFSC.

A leading credit rating stock surged over 8 percent on Thursday after posting a strong Q2FY26 performance, marked by a 119 percent sequential rise in net profit. The rally also followed the company’s announcement to sell a 9.9 percent stake each in its key subsidiary to SBI and NSE IFSC.

CARE Ratings Ltd , with a market capitalization of around Rs. 4,864.60 crore, opened at Rs. 1,600.30 on the BSE against a previous close of Rs. 1,520.60. The stock hit an intraday high of Rs. 1,651.05

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