KDDL whose website goes under the name of Kamaladials, is into the manufacture of watch dials, watch hands, precision engineering and sells Swiss watches under the retail chain name – Ethos.

The company yesterday announced that rating agency CRISIL has upgraded the Credit Rating of the Company w.e.f. December 15, 2015 for Long Term Bank Loan Facilities from 'CRISIL BBB-/Stable' to 'CRISIL BBB/Stable'.

It improved rating for its Short Term Bank Loan Facilities also - from 'CRISIL A3' to 'CRISIL A3+.

The stock price is reacting to this news and with a volume of some 9000-odd shares today, price is up over 3.5% at Rs.316, closer to the high-point of the day of Rs.318.