Shyam Metalics shares rally 11% as UBS initiates coverage, projects 57% upside
Shares of Shyam Metalics and Energy (SMEL) on Thursday jumped 11% to its new all-time high of Rs 844.85 after the global brokerage firm UBS initiated coverage on the stock with a target price of Rs 1,200, indicating a 57% upside potential. βWe value SMEL on 8x EV/EBITDA on the FY26-27E average, in line with…
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