Shyam Metalics and Energy: ICICI Securities sees 93% upside in the stock after 17% fall in a year; here's why

ICICI Securities believes that by FY25, SMEL will be the only metal company in the world to have revenue streams from carbon steel, stainless steel, and downstream aluminium business. 

Shyam Metalics shares climb 8% after company acquires Mittal Corp

During Wednesday’s trade, the stock opened positively at a price of Rs. 306.80 per share against the previous close of Rs. 291.55 per share and surged further during the early trade to touch an intraday high of Rs. 317.75 per share.

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Shyam Metalics and Energy: ICICI Securities sees 93% upside in the stock after 17% fall in a year; here's why

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Shyam Metalics shares climb 8% after company acquires Mittal Corp