Steel Exchange India Plans Rs 350 Crore Fundraise; Foseco India Reports Q3 Results

Steel Exchange India shares rose over 3.7% following the announcement that its board will meet on March 4, 2026, to consider a fund-raising proposal of up to Rs 350 crore, including details on securities issuance and shareholder approval. The company reported a decline in Q3 FY26 net profit to Rs 2.28 crore on lower revenue. Separately, Foseco India shares gained over 12% after reporting an 8.1% rise in Q3 revenue but a 20.5% drop in net profit, with its board recommending a 250% dividend.