STEELCO GUJARAT LTD. Hits Lower Circuit on BSE, 28 October 2026

A one-sided order book sits behind the STEELCO GUJARAT lower circuit on 28 October 2026, and that matters to anyone trying to trade the name today. STEELCO GUJARAT LTD. (STEELCO) was locked at Rs 191.25 on BSE, 2% below the previous close of Rs 195.15, and its market cap stood at Rs 122.87 crore.

Offers outweighed bids at the exchange-defined band, and at the time of writing the stock remained on that level, which puts the session on the radar of short-term participants.

Key Takeaways

• STEELCO GUJARAT LTD. (STEELCO) hit the lower circuit on BSE at Rs 191.25 on 28 October 2026.
• The session move was -2% against a previous close of Rs 195.15.
• Market capitalisation stood at Rs 122.87 crore.
• No official company announcement or verified catalyst was confirmed at the time of writing.
• A price band is an exchange trading rule, not a view on the company or a recommendation.

Key Market Data

All figures above are as of 28 October 2026, sourced from Univest market data for the BSE listing. Only fields present in the source for this session are shown.

Price Action and Trading Activity

STEELCO GUJARAT LTD. opened on BSE at Rs 191.25, below the previous close of Rs 195.15. The session high was Rs 199.05, while the low of Rs 191.25 matched both the open and the lower circuit price. The range therefore ran from Rs 191.25 to Rs 199.05, with the stock at the lower end of it at the time of writing.

The absolute day change was Rs 3.9, a -2% move. All numbers come from BSE, so the open, high, low and prior close can be read side by side.

One exchange is used throughout because bands and reference values can differ from venue to venue. The session limit of Rs 191.25 was the level the price reached.

Why STEELCO GUJARAT LTD. Hit Lower Circuit

STEELCO GUJARAT LTD. reached the lower circuit as selling pressure pushed the stock to the limit of its exchange-defined price band. At the time of writing, no official company announcement or verified external catalyst had been confirmed, which leaves price action and market sentiment as the way to read the move.

A one-sided book describes what traded, not why it traded. The move is not tied here to earnings, a corporate action, sector news or market rumours, and a confirmed announcement, if one arrives, would be handled as a separate update.

The session low of Rs 191.25 was the level touched.

What the STEELCO GUJARAT Lower Circuit Means

A lower circuit is the lowest price at which the exchange allows a stock to trade in a session. No trade can occur below it, so orders at the limit queue up on one side of the book. The level captured for STEELCO GUJARAT LTD. was Rs 191.25 on 28 October 2026.

The mechanism exists to slow extreme moves and keep trading orderly. It is a market-structure feature and carries no forecast of returns. Here it simply marks the point where the session’s price band was met.

STEELCO GUJARAT LTD. Fundamentals and Valuation

Market data fills in some of the picture beyond price action. STEELCO GUJARAT LTD. reported a PB ratio of -1.59, a book value of Rs -122.61 per share and EPS of -75.62, against a market cap of Rs 122.87 crore. None of these figures amounts to a buy, sell or hold view.

With EPS negative, a PE ratio gives no usable reading here, so valuation has to be judged through other measures instead of being assumed in either direction.

Negative book value and negative earnings put the PB ratio outside the range where it normally compares one company with another, so it carries little weight on its own. For anyone tracking lower circuit moves, these figures help separate the price event from the wider financial profile, and valuation and return measures still need their own review.

Peer and Sector Context

STEELCO GUJARAT LTD. belongs to the Steel & Iron Products industry within the Iron & Steel sector. The peer table below uses available companies from the same sector or industry to give broader valuation context.

Several of these peers are far larger by market capitalisation than STEELCO GUJARAT LTD. Size differences change liquidity and cost of capital, so the table is sector context rather than a like-for-like ranking.

Technical Snapshot

The technical snapshot adds context: RSI was 44.59 and the 50-day moving average was 208.17.

What Readers Should Know

Confirmed: STEELCO GUJARAT LTD. sat at its lower circuit on BSE at Rs 191.25 on 28 October 2026, a -2% day move.

For anyone trying to trade the name today, the one-sided book is the practical issue. Orders to sell queue at the limit with few buyers, so an exit at the quoted price may not be filled. A second limit is that no official catalyst had been confirmed when this was written.

Lower circuit events read best as market updates rather than standalone investment conclusions. The band shows how heavy near-term selling was, and further work should weigh fundamentals, valuation, liquidity, risk and confirmed company disclosures.

Frequently Asked Questions

Why did STEELCO GUJARAT LTD. hit lower circuit on 28 October 2026?

The stock reached its lower price band after selling pressure during the session. No official company announcement or verified external catalyst was confirmed at the time of writing.

What was STEELCO share price on 28 October 2026?

The last traded price used in this article was Rs 191.25 on BSE. That price matched the lower circuit price captured for the event.

What was the lower circuit price for STEELCO?

The lower circuit price was Rs 191.25. The stated exchange lower circuit limit was Rs 191.25. The event numbers in this article are aligned to BSE.

What is STEELCO GUJARAT LTD.’s market cap and PE ratio?

STEELCO GUJARAT LTD.’s market cap was Rs 122.87 crore. A PE ratio was not available, which usually points to negative or unrefreshed earnings data.

Which exchange and data source were used?

The selected exchange was BSE. The article uses Univest market data available at the time of generation, captured on 28 October 2026.

Does hitting a lower circuit mean STEELCO GUJARAT LTD. is a buy or a sell?

No. A circuit is an exchange price-band rule that caps how far a stock can move in a single session. It carries no view on valuation or business quality and is not a recommendation. Any decision should rest on fundamentals, valuation, liquidity and your own risk tolerance.

Can you buy or sell STEELCO GUJARAT LTD. shares when the stock is at the lower circuit?

It is usually difficult. At the lower circuit, sell orders queue up with few buyers, so exiting at the quoted price may not be possible. Orders can stay unfilled until buying interest returns.

What happens the next trading session after a lower circuit?

There is no fixed outcome. The band resets each session, so the stock can open freely, hit the same band again, or reverse. The exchange can also revise the applicable band width. The useful signals to watch are whether the company files any disclosure explaining the move.

What is the lower circuit limit set at for Indian stocks?

Exchange price bands are commonly set at 2%, 5%, 10% or 20% depending on the security, and the applicable band can be revised by the exchange. For STEELCO GUJARAT LTD. the stated limit was Rs 191.25. For this session, STEELCO GUJARAT LTD. moved -2%.