India's Shyam Metalics rises as Goldman sees gains from strong August operations

Shyam Metalics and Energy

08/09/2026 06:52

** Shares of Shyam Metalics and Energy Limited SHYE.NS rise 1.5% to 1,099 rupees 
** The Indian integrated metal producer's operating performance in August has been strong, despite limited support from prices, says Goldman Sachs
** Brokerage reiterates "buy" with a price target of 1,120 rupees a share
** Goldman Sachs says both sales volume and realisation have risen year-on-year across product categories in August
** Estimates revenue for August up 37.7% at 20.2 billion rupees ($213.33 million)    
** SHYE's revenue growth driven by continuous capacity ramp-up, Goldman says, adding that price hikes across long products will be beneficial 

($1 = 94.6875 Indian rupees)



 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))