Company preps up expansion plan after acquiring Mittal Corp through the insolvency process

Shyam Metalics eyes $1 bn in revenue from stainless steel business

Buzzing stocks: Paytm, Wockhardt, Bharat Electronics, Kalpataru Power, Tube Investment, PowerGrid Corp, Vodafone Idea, Kfin Technologies, Tega Industries, Advani Hotels, Shyam Metalics, SpiceJet

Stocks that will see action on February 27, 2023

The brokerage has retained its circumspect outlook on the metal sector with stocks JSPL and Shyam Metalics as top picks

Metal stocks to buy, add, sell: Top picks from ICICI Securities

However, revenue from operations was up by nearly 41 per cent

Shyam Metalics net profit down by 89 per cent in December quarter

Shyam Metalics stock touched an intraday high of Rs 327.95, rising 4.83% against the previous close of Rs 312.85 on BSE.

Shyam Metalics shares jump 5% as ICICI Securities sees 36% upside

Stocks that made news today: Reliance Industries, JSW Steel, HDFC Life, HUL, Union Bank, Shyam Metalics and more

Buzzing stocks: Reliance Industries, JSW Steel, HDFC Life, HUL and more

ICICI Securities has maintained its cautious view on the ferrous space with metal stocks JSPL and Shyam Metalics as its top picks

Metal stocks to buy/sell/hold: JSPL, Shyam Metalics among ICICI Sec’s top picks

Its top stock picks in the metals space include: JSPL, Jindal Stainless and Shyam Metalics

From Hindalco, Tata Steel to JSPL: Which metal stocks to buy, sell and hold?

Firm also looking to increase the integrated steel production capacity from the existing 8.85 mt per annum to 14.45 mt

Shyam Metalics plans to invest ₹3,900 cr to expand capacity

Shyam Metalics and Energy, incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 7473.86 Crore) operating in Metals - Ferrous sector.

Buy Shyam Metalics and Energy, target price Rs 425: ICICI Securities

Shyam Metalics recently took control of Ramsarup Industries through NCLT. Following the takeover, Shyam Metalics is aiming at enhancing and reviving its operations and steel-making manufacturing facilities

Shyam Metalics shares surge 8% as co forays into stainless steel biz with Mittal Corp acquisition

Hasn't faired well - amongst the low performers

Performance

Can be considered moderately valued vs the market

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.