UBS initiates coverage on Shyam Metalics and Energy

UBS initiates coverage on Shyam Metalics and Energy

ZeeBiz WebTeam

Aug 22,2024

Target price

As of August 21, the brokerage's target price for the metal producer's stock implies an upside of 57%.

How UBS views Shyam Metalics and Energy

The management's approach to move up the value chain, diversifying products/metals, and its backward integration move to capture efficiencies make it stand out.

How UBS views Shyam Metalics and Energy

The company's successful foray into new businesses of aluminium and stainless steel products showcases its execution capabilities, highlights the brokerage. 

How UBS views Shyam Metalics and Energy

Multiple new projects, set to commence operations in FY25/FY26, provide a strong earnings visibility in Shyam Metalics and Energy, according to the brokerage. 

How UBS views Shyam Metalics and Energy

The metal producer mitigates profitability risk through diversification, according to the brokerage.

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