India's Shyam Metalics rises on capacity expansion at Odisha plant

Shyam Metalics and Energy

13/01/2023 04:11

** Shares of Shyam Metalics and Energy  SHYE.NS  rise as
much as 3.41% to 310.95 rupees, most intraday gain in nearly two
weeks
    ** The company increased its production capacity by 12 lakh
tonnes per annum at its pellet plant in Odisha
    ** The capacity expansion comes eight months ahead of the
company's earlier schedule
    ** Trading volume stood at 54,903 shares, as of 9:29 a.m.
IST, 0.1x the 30-day avg of 2,22,938 shares
    ** All four analysts tracking the company maintain "buy"
rating; median PT is 360 rupees
($1 = 81.6630 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))