Shyam Metalics & Energy: UBS raises price target to 1,550 rupees
UBS increased its price target on Shyam Metalics and Energy to 1,550 rupees from 1,250 rupees and reiterated its "Buy" rating, citing higher-margin products, capacity expansion and a stronger earnings outlook. The bank forecasts EBITDA to improve to 8,400 rupees/ton by FY31 from 4,700 rupees/ton in FY26.