What is the future of Shyam Metalics?
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What is the future of Shyam Metalics?
The brokerage expects revenue to grow at 36.5 per cent CAGR to Rs 11,106 crore over the period FY20-23. EBITDA and net earnings over the same period are also set to grow at a faster pace of 44.7 per cent CAGR to Rs 1,956 crore and 49.8 per cent CAGR to Rs 1,144 crore, respectively.
Should you buy stocks at opening?
Trading When the Market Opens Trading during the first one to two hours that the stock market is open on any day is all that many traders need. The first hour tends to be the most volatile, providing the most opportunity (and potentially the most risk).
What is the share price of Shyam metal?
NSE 321.20 -10.90 ( -3.28 \%)
| OPEN | 335.70 |
|---|---|
| VOLUME | 46410 |
| 52-WEEK HIGH | 461.15 |
| 52-WEEK LOW | 299.25 |
| MARKET CAP | 8175.31 |
Which share is best to buy today?
Stocks to Buy Today: Best Shares to Buy in India
| Name | LTP | Low |
|---|---|---|
| Axis Bank | 667.50 | 662 |
| B P C L | 372.15 | 370 |
| Bajaj Auto | 3,152.05 | 3,135 |
| Bajaj Finance | 6,852.00 | 6,758 |
Is Shyam Metalics good stock?
In the unlisted market, the stock is enjoying a premium of Rs 150-160, signalling more than 50 per cent upside on the issue price. Not all analysts are that optimistic. Choice Broking said a trailing 12-month EV/Ebitda multiple of 8.6 times for Shyam Metalics is at a premium to the peer average of 6.4 times.
Is Shyam Metalics good to buy?
Analysts are mostly bullish and recommend subscribing to the Shyam Metalics IPO, but some suggest that it is overvalued when compared to its peers. According to Choice Broking, the trailing 12-month EV/EBITDA of 8.6 times is higher than the average of 6.4 times of its peers.
Why do stocks go down on Friday?
Stock prices fall on Mondays, following a rise on the previous trading day (usually Friday). Some theories that attempt to explain the weekend effect point to the tendency of companies to release bad news on a Friday after the markets close, which then depresses stock prices on Monday.
Is it good to invest in Shyam Metalics?
“Our price target represents an upside potential of 42.6 per cent on the IPO price over next 18-24 months,” it said. In the unlisted market, the stock is enjoying a premium of Rs 150-160, signalling more than 50 per cent upside on the issue price.
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