Announced Wed, 1 Jul · 11:38 IST
Jindal Steel gets credit rating upgrade from CARE
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
₹1032.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2+0.2+0.2+0.1-1.8-0.7-0.3-2.3-3.6-0.9-1.3———
Up moveDown movePending
AI summary
CARE Ratings upgraded Jindal Steel's long-term bank facilities rating from CARE AA to CARE AA plus with Stable outlook. Short-term rating CARE A1 plus was reaffirmed. Upgrade also covers the proposed Non-Convertible Debenture issue and wholly-owned subsidiary Jindal Steel Odisha's long-term facilities.
Likely market impact
Rating upgrade signals improved financial strength and may lower future borrowing costs, generally positive for the stock.