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Shyam Metalics And Energy is currently trading at Rs. 321.40, up by 13.05 points or 4.23% from its previous closing of Rs. 308.35 on the BSE.

The scrip opened at Rs. 317.80 and has touched a high and low of Rs. 323.55 and Rs. 315.00 respectively. So far 18310 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 461.15 on 20-Jul-2021 and a 52 week low of Rs. 288.85 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 323.55 and Rs. 306.90 respectively. The current market cap of the company is Rs. 8198.29 crore.

The promoters holding in the company stood at 88.35%, while Institutions and Non-Institutions held 3.67% and 7.97% respectively.

Shyam Metalics and Energy has received approval for setting up of further capacities at its integrated units in Sambalpur and its material subsidiary’s plant at Jamuria to capitalize business synergies and add facilities for continued cost leadership. An aggregate amount of Rs 990 crore is further to be arranged from Cash flows generated existing from internal accruals. The projects shall be set up as brownfield expansion in land available at respective plants.

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