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Steel Exchange India credit rating upgraded to IVR BBB+

after close1 source ↓written by the desknot a recommendation

bank facilities
₹200 cr to ₹359.63 cr

Steel Exchange India Limited announced a credit rating upgrade by Infomerics on 24 September 2026. The long-term rating improved to IVR BBB+/Stable, reflecting enhanced bank facilities from ₹200 cr to ₹359.63 cr. The short-term rating also rose to IVR A2, indicating strong safety for financial obligations. This marks the second upgrade in succession, following a prior upgrade in December 2025.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 Sept 2026, 16:16 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

STEELXIND closed −1.2% on the day of the news, from ₹11.43 to ₹11.29; Nifty +0.3% over the same session.

Bulletin at 16:16 IST on 24 Sept 2026. Every change is measured from ₹11.43, the last close before it, on 24 Sept. Nifty 50 is measured over the same sessions.

  • STEELXIND close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
STEELXIND closes around the bulletin against the close before the news, with Nifty 50 rebased to it8.7211.4314.14axis spans 62%before the news · 24 Sept11.43Nifty 50STEELXINDbulletinD0+1+318 Sept25 Sept1 OctReference close ₹11.43. 10 sessions from 18 Sept to 1 Oct; the price axis spans 62 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before24 Sept₹11.43basebase
On the day25 Sept₹11.29▼ −1.2%▲ +0.3%−1.6 pp difference
+1 session28 Sept₹11.10▼ −2.9%▼ −1.2%−1.7 pp difference
+3 sessions30 Sept₹11.42▼ −0.1%▼ −1.9%+1.8 pp difference
+5 sessionsnot reached yet———
Gap at the open, % · ₹
▲ +1.1%+0.12 on 25 Sept
Day's range, % · ₹
4.0%≈ 0.46 high to low
Volume on the day
0.83×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · STEELXIND on the desk →

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