Best Stocks to Buy Today : IIFL Securities's call on Shyam Metalics And Engy L - July 05
IIFL Securities recommends buying Shyam Metalics and Engy Ltd. at the current market price of Rs 737. The target price for the stock is set at Rs 765, indicating a potential upside of around 3.7%. The brokerage firm sees strong demand for the company's products, particularly in the construction and infrastructure sectors. Shyam Metalics and Engy Ltd. has a robust balance sheet and is expected to continue posting healthy financial results.
About Shyam Metalics And Engy L:
Shyam Metalics and Energy Limited (SMEL) is a leading Indian manufacturer of steel products, with a focus on long products. The company's product portfolio includes billets, blooms, TMT bars, wire rods, and structural products. SMEL has a strong presence in Eastern India, with manufacturing facilities in West Bengal and Odisha. The company has an installed capacity of over 6 million tons per annum and caters to various industries, including construction, infrastructure, and automotive. SMEL is committed to providing high-quality products and services to its customers and is known for its innovation and operational efficiency.
52 Week Price Trend:
Shyam Metalics and Energy Limited (NSE: SHYAMMETL) has experienced significant volatility in its stock price over the past 52 weeks. The current market price (CMP) is Rs. 737, which is below its 52-week high of Rs. 772.3 but well above its 52-week low of Rs. 253.05. This range indicates that the stock has seen both gains and downturns in recent months. Investors should carefully consider the company's financial performance and market conditions before making any investment decisions.
Stratzy's MOST Analysis:
SHYAMMETL has a "BB-" rating within Stratzy's MOST framework, indicating medium fundamental risks. This rating is based on an assessment of the company's management, outlook, safety, and trend. The management rating considers the company's leadership, strategy, and execution capabilities. The outlook rating evaluates the industry outlook and the company's competitive position. The safety rating measures the company's financial health and resilience. The trend rating assesses the momentum and direction of the company's business. Overall, the "BB-" rating suggests that while SHYAMMETL faces some risks, it has a relatively strong foundation and potential for growth.
Company's Fundamentals:
Shyam Metalics And Engy L (NSE: SHYAMMETL) is a company in the metal sector. It has a stock PE ratio of 17.15, indicating that its share price is 17.15 times its annual earnings. The company's PB ratio is 2.05, which means its market value is 2.05 times the value of its assets. SHYAMMETL has a dividend yield of 0.27%, which means that it pays out 0.27% of its share price as dividends to its shareholders each year. These metrics provide insights into the company's valuation, profitability, and dividend policy, helping investors make informed decisions about investing in SHYAMMETL.
Fundamental and Technical information provided in this blog were last updated on 05 Jul, 2024
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