Shyam Metalics Breakout : ₹950 Target & 15% Upside : Strong Buy?

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Shyam Metalics Stock Analysis: Is It the Next Big Bullish Bet?

Shyam Metalics & Energy Ltd. has been making waves in the stock market, catching the attention of investors and analysts alike. With a strong bullish breakout and solid financials, is this stock a hidden gem for your portfolio? Let’s dive deep into the technical and fundamental analysis of Shyam Metalics to determine whether it's a strong buy in 2025.

Shyam Metalics: Company Overview

Shyam Metalics & Energy Ltd. is one of India’s leading integrated metal producers, specializing in ferro alloys, sponge iron, and long steel products. It ranks as the 6th largest metal-producing company in India and has shown impressive growth in recent years.

Shyam Metalics Stock Price and Financial Performance

  • Net Sales: ₹1,621.39 crore (Q3 FY2024-25)
  • Net Profit: ₹423 crore
  • Earnings Per Share (EPS): ₹16.52
  • Profit Before Tax (PBT): ₹576 crore
  • Price-to-Earnings (P/E) Ratio: 25.43
  • Price-to-Book (P/B) Ratio: 2.22
  • Dividend Yield: Recently declared an interim dividend of ₹2.25 per share

Shyam Metalics has consistently delivered strong earnings, making it a fundamentally sound company for long-term investment.

Technical Analysis: Strong Bullish Indications

  • Breakout Above Downtrend Line – The stock has decisively broken above its long-term downtrend, indicating a strong uptrend.
  • Near Golden Cross Formation – The 50-day EMA has touched nearly above the 200-day EMA, a classic bullish signal that suggests strong buying momentum.
  • Key Resistance Levels: ₹830 - ₹850 – A breakout above this zone could take the stock to new highs.
  • Key Support Levels: ₹767 (50 EMA) and ₹752 (200 EMA) – These levels act as strong cushions in case of a pullback.
  • RSI (Relative Strength Index): 60.42 – Indicates bullish momentum but not yet in the overbought zone.
  • TSI ( True Strength Index): Bullish crossover confirms upward trend.

 

Final Verdict: Should You Buy Shyam Metalics Stock?

Considering both technical and fundamental indicators, Shyam Metalics is rated 8.5/10 as a strong buy. If it breaks ₹830 with high volume, the rating could be revised to 9/10, making it a must-buy stock in 2025.

Investment Strategy:

  • Entry Price: ₹770 - ₹800 (Accumulation Zone)
  • Target Price: ₹950 - ₹975
  • Stop Loss: ₹750 (Below the 200 EMA)

Conclusion: Is This a Golden Opportunity?

With a strong bullish breakout, solid fundamentals, and increasing investor interest, Shyam Metalics is a stock to watch. If you’re looking for a multibagger opportunity, this stock has all the ingredients to deliver exceptional returns in 2025.

Final Rating: 8.5/10 (Potential to increase to 9/10 if resistance is broken)

Looking for more expert insights and stock recommendations? Stay tuned to DalalStreet Insider – Your Ultimate Guide to Insider News & Smart Trades!

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Location: India

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