Goldman Sachs initiates buy on steel stock with 23% upside
after close1 source ↓written by the desknot a recommendation
- potential
- 23% upside
- as part
- ₹27 bn
- capex pipeline
- ₹100 bn
- shares fell
- 2.1%
- during trading today
- ₹864.45
Goldman Sachs has initiated a Buy rating on Shyam Metalics and Energy Ltd, projecting a 23% upside potential. The company plans to invest ₹27 bn as part of its ₹100 bn capex pipeline to expand specialty steel capacity, focusing on high-margin products. Despite this positive outlook, shares fell 2.1% to ₹864.45 during trading today.
Not investment advice. For informational purposes only.