India's Shyam Metalics shines on March sales volume surge

Shyam Metalics and Energy

07/04/2026 05:38

** Shares of Shyam Metalics and Energy Ltd SHYE.NS rise as much as 7.6% to 855 rupees

** Co reports March stainless steel sales volume up 58.9% y/y, aluminium foil volume up 47.2%

** March pellet sales volume up 44.31% y/y, specialty alloys sales volume up 8.64%, carbon steel up 3.09%

** More than 677,000 shares traded as of 10:05 a.m. IST, 3.2x their 30-day moving avg

** Mean rating on stock is 'buy'; median PT is 970 rupees - data compiled by LSEG

** SHYE last up 4.7%, cutting YTD losses to 6.3%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))