24 Nov 2025 | 5 Mins Read
Jefferies recommends buying Shyam Metalics for 26% potential gain
Flipitmoney
Shyam Metalics and Energy Ltd shares rose 5% after Jefferies initiated coverage with a 'Buy' rating, price target ₹1,050 (26% upside) and EV/EBITDA of around 10x FY27E. Jefferies attributed strong growth outlook, top-three stainless steel producer position, diversified product mix, and healthy net cash balance sheet as key factors boosting valuations.