About Company :

Shyam Metalics is mainly involved in making steel and related products. These include iron pellets, sponge iron, TMT bars, long steel products, and ferro alloys.

The company also produces its own power to run its factories. It is one of India’s top metal-producing companies. Shyam Metalics is the 6th-largest steel producer in the country with fully integrated operations.

It is also one of the biggest manufacturers of ferro alloys in India. In addition, it ranks as the 4th-largest sponge iron maker and is a major player in the iron pellet market.

Sector : Iron and Steel  

SubSector : Steel and Iron products.

Technical pattern: Ascending Triangle

Fundamentals :

As you can see in above table company PE is also not high compare to its peers.On the other side companie’s ROCE and 3 months returns values are not very encouraging.

Disclaimer: This post is for educational purposes only. Please consult your financial advisor before making any investment decisions. Stock market investments are subject to market risk.