Kirloskar Ferrous Industries saw its stock price rise after ICRA reaffirmed its long-term rating at 'ICRA AA' and short-term rating at 'ICRA A1'. ICRA cited KFIL's strong market position, comfortable financial performance despite commodity challenges, and backward integration leading to cost savings. The company's affiliation with the Kirloskar Group and established OEM relationships also contributed to the positive rating.