Manappuram Finance shares advanced as much as 13.47 per cent on Monday after the gold loan company announced that the rating of its debentures has been upgraded by a credit rating agency. At 2.51 pm, shares of Manappuram Finance were trading 7.92 per cent up at Rs 77.70. The scrip opened at Rs 72.90 and has touched a high and low of Rs 81.70 and Rs 72.70, respectively, in trade so far. Benchmark BSE Sensex was trading 123 points up at 27,268.35. Read more: HSBC 'overweight' on India, 2016-end Sensex target at 28,500 CRISIL has upgraded its rating on long-term bank facility and non-convertible debentures of the company to 'CRISIL AA-/Stable from 'CRISIL A+/ Stable', while reaffirming the rating on short-term debt at 'CRISIL A1+' The upgrade reflects improvement in business risk profile driven by changed business model, and stable operating environment backed by an established regulatory regime.