India's Shyam Metalics and Energy jumps after quarterly profit rise
20/07/2026 08:27
BUZZ-India's Shyam Metalics and Energy jumps after quarterly profit rise ** Shares of India's Shyam Metalics and Energy SHYE.NS jump as much as 6.6% to 1090 rupees, their highest levels in two years
** Co's posts 18.11% year-on-year rise in June quarter profit to 3.45 billion rupees ($35.75 million) while revenue grows 23.33% y/y
** Co also approves raising of funds upto 45 billion rupees via issuance of equity shares, eligible securities, and/or any other equity-linked instruments
** SHYE rated "buy" on average by 8 analysts, median PT at 1100 rupees -- data compiled by LSEG
** YTD stock up 27.61%
($1 = 96.5075 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
Recent news on Shyam Metalics and Energy
See all newsBrief: Shyam Metalics And Energy Says Group Secures Phutamura Coal Block Mining Rights Via Investment In Alom Solar
UBS raises PT on India's Shyam Metalics and Energy; reiterates 'buy'
Brief: Shyam Metalics And Energy Enters Non-Binding MoU With Government Of Maharashtra On Oct 1, 2026
Deals of the day-Mergers and acquisitions
India's Shyam Metalics signs deal to invest over $5 billion in Maharashtra state