Announced Mon, 21 Sept, 2026 · 23:29 IST
Crisil upgrades credit ratings of Welspun Enterprises and subsidiaries
WELENT · 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
-1.4%1-day move
₹784.10
prior close
₹788.65
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.3-0.7-0.2-1.4-4.0-3.6-4.4-5.3-6.9————
Up moveDown movePending
AI summary
Crisil Ratings has upgraded Welspun Enterprises long-term rating from AA-/Positive to AA/Stable on Rs 2,600 crore bank facilities; short-term rating A1+ re-affirmed, and Rs 200 crore Commercial Paper A1+ re-affirmed. Subsidiary Welspun Michigan Engineers upgraded from A+/Positive to AA-/Stable on Rs 353.58 crore facilities, with short-term rating also upgraded from A1 to A1+. Welspun EDAC JV upgraded from AA-(CE)/Positive to AA(CE)/Stable on Rs 100 crore facilities.
Likely market impact
Positive for shareholders - rating upgrades reflect stronger credit profile and may lower future borrowing costs, boosting investor confidence.