Crisil Shares Surge Over 8% After Strong Q3 Results: Insights from Technical Analysts 

Crisil stock rose by nearly 8% on Thursday as the rating firm said its consolidated net profits edged up by 13%. The consolidated net profit for the September quarter for the company stood at ₹171.55 crore, growing 13% from ₹151.15 crore in the same period the last fiscal year. The total revenue of the company grew to ₹833 crore, up from ₹771.84 crore in the same quarter last fiscal. The stock opened at ₹4,993 on the BSE and hit an intra-day high of ₹5,184.50 while registering a low of ₹4,961.95.

Lead Research Analyst at 5paisa Ruchit Jain said Crisil is presenting a higher top and higher bottom structure, suggesting it is under an uptrend. He added that robust trading volumes have pushed this momentum forward and the trend is likely to stay in place with support levels between ₹4,800 and ₹4,600.

According to Angel One Equity Technical and Derivative Analyst Rajesh Bhosale, "Crissil shares opened with a great gap-up and are rising with good strength of around 7%. The increase is supported by sound volumes. One need not worry if the gap of ₹4,800 continues to hold. The market dip would be the opportunity to buy, and the stock can be expected to test ₹5,700."

In a regulatory filing, Crisil Ltd informed that the board of directors of the company approved an interim dividend. Dividend: To be payable on third interim dividend ₹15 per equity share having face value Re 1 on the fiscal year ending December 31, 2024.

The board of wholly-owned subsidiaries of Crisil Ltd in Australia, namely Peter Lee Associates Pty Ltd and Crisil Irevna Australia Pty Ltd, has sanctioned the sale of PLA business to Crisil Australia. As a result of the completion of the deal, PLA will get deregistered, and only Crisil Australia will continue to function as a subsidiary of Crisil Ltd in Australia. In this transaction, in lieu of the cash consideration to be paid out based on the net asset value of the PLA's business.

Global growth trends are diverging, the US is slowing down, Eurozone is recovering, India seeing a strong GDP growth and despite geopolitical risks, the businesses of ours have shown resilience. We continue to focus on strengthening core capabilities by domain-driven IP and digital initiatives while investing in new technologies, including Gen AI. We have successfully deployed a Gen AI-based credit assessment solution for our global clients."