STEEL EXCHANGE INDIA LIMITED has informed the Exchange about Credit Rating- Revision

Rating UpgradedCredit & Debt View source PDF Explain this filing

STEELXIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.2%Reaction day

₹9.22

prior close

₹9.62

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+2.8% vs market

Iron & Steel Products peers, median of 94sector+1.2%+3.0% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 3.0 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.1

15m

-0.2

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.2+1.4+2.8+1.2+3.0

Next day

+4.1+1.6+2.5+1.1+3.0

+1.7+2.6-0.8+1.7+0.0

-1.4+2.8-4.2+1.2-2.6

-1.6+2.1-3.8+1.1-2.7

-2.1+2.2-4.2+1.0-3.1

-5.1-1.5-3.6-2.8-2.3

15d

-11.3-5.7-5.6-6.9-4.4

-14.1-5.5-8.6-7.6-6.5

-14.2-6.3-7.9-6.4-7.8

-16.9-11.1-5.8-13.6-3.3

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Steel Exchange India Limited received credit rating upgrades from Infomerics Valuation and Rating Limited (a new rating agency, replacing CareEdge Ratings). The Non-Convertible Debentures of Rs. 198.56 crore were upgraded from CARE BB+/Stable to IVR BBB-/Stable. Long-term Cash Credit of Rs. 10 crore was upgraded from IVR BB+/Stable to IVR BBB-/Stable. Short-term Bank Guarantee of Rs. 40 crore was upgraded from IVR A4+ to IVR A3. Long-term Term Loans of Rs. 150 crore received a fresh IVR BBB-/Stable rating assignment. All ratings carry a Stable outlook.

Likely market impact

Positive for shareholders — the rating upgrade from BB+ to BBB- (investment grade) signals improved creditworthiness, which could lower future borrowing costs and boost lender confidence, potentially supporting stock sentiment.