Whalesbook
Global brokerage Jefferies has initiated coverage on Shyam Metalics and Energy Ltd. with a strong 'Buy' rating and set a ₹1,050 price target, indicating a potential 26% upside. The firm highlights Shyam Metalics' robust growth outlook as a top stainless steel producer, expecting volume expansion to drive earnings. Its diversified product portfolio, healthy balance sheet, and attractive valuation further bolster its investment appeal.