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Shyam Metalics falls despite reporting 2-fold jump in stainless steel sales in June 2024

09 Jul 2024 Evaluate

Shyam Metalics and Energy is currently trading at Rs. 704.00, down by 8.60 points or 1.21% from its previous closing of Rs. 712.60 on the BSE.

The scrip opened at Rs. 710.00 and has touched a high and low of Rs. 720.60 and Rs. 701.00 respectively. So far 54258 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 772.30 on 12-Feb-2024 and a 52 week low of Rs. 343.55 on 13-Jul-2023.

Last one week high and low of the scrip stood at Rs. 745.85 and Rs. 701.00 respectively. The current market cap of the company is Rs. 19734.62 crore.

The promoters holding in the company stood at 74.59%, while Institutions and Non-Institutions held 7.63% and 17.78% respectively.

Shyam Metalics and Energy has reported 2-fold jump in stainless steel sales to 7015 million tonnes (MT) in June 2024 as compared to 3496 MT in June 2023. In Q1FY25, the sales of stainless steel stood at 18851 MT. The sales of Speciality Alloys stood at 15216 MT in June 2024 as compared to 14206 MT in June 2023, i.e. up by 7.11%. Pellet sales were 87251 MT in June 2024 against 81582 MT a year ago. The sales of Sponge Iron stood at 89261 MT in June 2024.

However, the sales of Aluminium Foil stood at 1176 MT in June 2024 as compared to 1255 MT in June 2023, i.e. down by 6.29%. In Q1FY25, the sales of Aluminium Foil stood at 4572 MT. Carbon Steel’s sales fell 1.06% to 120803 MT in June 2024 as against 122092 MT in June 2023.

Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.


Shyam Metalics&Ener Share Price

852.50 -12.30 (-1.42%)
20-Apr-2026 16:59 View Price Chart
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