ICICI Securities is bullish on Shyam Metalics and Energy recommended buy rating on the stock with a target price of Rs 690 in its research report dated August 12, 2023.

Buy Shyam Metalics and Energy; target of Rs 690: ICICI Securities

Shyam Metalics has announced a new capex of close to INR 3,900 crore ($525m) and it is adding more capacity for speciality alloys, power gen and different products. The company aims to see a 15-20% YoY CAGR and the bottom and top lines are set to improve. Despite muted numbers recently, margin has r…

Shyam Metalics expects a CAGR of 15-20% Y-o-Y; both bottom line and top line to improve: B Bhushan Agarwal

Sources say Shyam Metalics is likely to launch a Rs 900 cr QIP next month, promoters may pare stake. Yash Jain reports.

#shyammetalics #shyammetalic #qip #stockmarket #stockmarketupdates #cnbctv18 
#businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday   

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Shyam Metalics To Launch A Rs 900 cr QIP Next Month: Sources | CNBC TV18

Shyam Metalics shares hit 52-week high; time to buy, sell or hold?

Shyam Metalics’ Vice Chairman & Managing Director Brij Bhushan Agarwal is very optimistic about the company's near-term performance. Here's why.

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Shyam Metalics’ Brij Bhushan Agarwal On Company's Near-Term Performance | BQ Prime

#ShyamMetalics Vice Chairman & Managing Director Brij Bhushan Agarwal talks about recovering pellet prices and growth factors for the company going forward. #BQLive

Shyam Metalics In Focus, Surges 20% In A Year | BQ Prime

Shyam Metalics and Energy shares touched a yearly high of Rs 355.95 against the previous close of Rs 347.15 on BSE. The metal stock has gained 21.69% in one year and risen 5% since the beginning of this year

Shyam Metalics shares hit 52-week high as firm announces capacity expansion at Bengal unit

The company sources ~ 75 percent of its power requirement from the captive plant

Shyam Metalics gains 2% after fresh production capacity goes on stream

Buzzing stocks: Delhivery, TCS, Gensol Engineering, NMDC, NTPC, LTIMindtree, Shyam Metalics, IDFC First Bank, Exhicon Events

Stocks to watch today-June 22, 2023

Shares of Shyam Metalics and Energy rose over 9 per cent to Rs 347 on Wednesday, commanding a total market capitalization close to Rs 8,800 crore.

Shyam Metalics shares jump 9%, hit new 52-week high; is more steam left in the stock?

Khabar from D-Street | Shyam Metalics in focus as a block trade is expected to happen this month, wherein promoters are expected to trim their stake in the company; Sharad Dubey brings us more details 

#shyammetalics #shyammetalicsstocks #shyammetalicsshares
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Shyam Metalics Stock In Focus As Block Trade Expected To Happen This Month

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Shyam Metalics & Energy is manufacturer of steel billets, Ferro alloys, sponge iron, iron pellets and TMT and structural products and pipes.