India's Shyam Metalics rises after Q4 profit jump; UBS raises PT

Shyam Metalics and Energy

13/05/2026 07:11

** Shyam Metalics and Energy SHYE.NS shares rise 3.5% to 873.2 rupees

** Co reports 26.6% rise in Q4 revenue to 52.40 billion  rupees ($548.22 million)

** Q4 PAT jumps 41.7% to 3.12 billion rupees from 2.20 billion rupees last year

** UBS says Q4 results were driven by improving realisations, referring to the price it sells its products at, coupled with robust volume growth

** Raises PT on stock to 1,250 rupees from 1,200 rupees; maintains 'buy' rating

** Says the company's strategy is focused on selling higher-value products and keeping costs under control by managing more of its own supply chain

** "We believe the structural story of SMEL remains intact," - UBS

** YTD, stock up 3.1% vs a 6.3% decline in the Nifty 500 index .NIFTY500

($1 = 95.5825 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))