Announced Wed, 3 Jun, 2026 · 15:27 IST
Crisil revises SMIORE rating outlook to Positive, affirms A plus rating
SANDUMA · 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
-2.1%1-day move
₹230.20
prior close
₹227.12
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.1-3.1-7.5-5.2-8.3-6.3-10.1-9.0-7.8-14.1
Up moveDown movePending
AI summary
Crisil Ratings revised the outlook on Sandur Manganese and Iron Ores' long-term bank facilities to Positive from Stable, while reaffirming the existing Crisil A plus rating. The rated amount has also been reduced sharply from 1,630 crore to 582 crore, reflecting lower outstanding debt. The positive outlook indicates Crisil sees room for further improvement in the company's credit profile over the next 12 to 18 months.
Likely market impact
Positive outlook signals possible future rating upgrade and reflects stronger credit profile; sharp drop in rated debt also seen as a positive for shareholders.