8 months ago
Shyam Metalics targets four-digit stock price
Shyam Metalics and Energy is a company that makes iron and steel.
A financial expert named ICICI Securities thinks the company's stock price could reach Rs 1,000 in the next year.
The company has been growing a lot and plans to grow even more by making more steel and adding new products.
They have already spent a lot of money to build new things and plan to keep growing without getting into financial trouble.
The stock is currently trading at Rs 823.20, which is higher than its lowest price in the past year.
The expert thinks the stock is a good buy and has set a target price of Rs 1,000.
Shyam Metalics and Energy's stock price target set at Rs 1,000 by ICICI Securities.
Company aims to increase revenue and EBITDA by 2.5 times in the next five years.
Current share price is Rs 823.20, with a market cap of Rs 22,978 crore.
Stock has gained 31.12% from its 52-week low of Rs 655.
Growth to be driven by crude steel capacity expansion and stainless steel portfolio.
- Who
- Shyam Metalics and Energy
- What
- Stock price target set at Rs 1,000
- Where
- India
- When
- Next five years
- Why
- Revenue and EBITDA growth targets, capacity expansion
Key facts
- Current Share Price
- Rs 823.20
- Market Cap
- Rs 22,978 crore
- 52-Week Low
- Rs 655
- RSI
- 50.8
- Target Price
- Rs 1,000
- Capex
- Rs 9,500 crore
- Revenue Growth Target
- 2.5 times in 5 years
- EBITDA Growth Target
- 2.5 times in 5 years
Quotes
ICICI Securities
A financial services company providing brokerage services and investment research.
“We believe the expansion could go smoothly without straining its balance sheet and SMEL may maintain its net cash status. We maintain BUY on the stock with target price of Rs 1,000 (based on 7.0x FY28E EV/EBITDA)”
businesstoday.in
