Announced Wed, 1 Jul · 11:25 IST
Credit rating upgraded to AA+ by CARE Ratings
JINDALSTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹1062.00
prior close
₹1031.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.2-0.1+0.2-1.8-0.7-0.3-2.3-3.6-0.9-1.3———
Up moveDown movePending
AI summary
CARE Ratings upgraded Jindal Steel's long-term bank facilities rating from CARE AA to CARE AA+ with stable outlook. Short-term bank facilities rating reaffirmed at CARE A1+. The proposed Non-Convertible Debenture issue rating also upgraded from AA to AA+. Subsidiary Jindal Steel Odisha's long-term bank facilities rating similarly upgraded from AA to AA+, with short-term reaffirmed at A1+.
Likely market impact
Positive: signals stronger financial health, likely lower borrowing costs and improved investor confidence.