Shyam Metalics shares rally 11% as UBS initiates coverage, projects 57% upside

Shyam Metalics Share Price: Shares of Shyam Metalics and Energy surged 11% to a record high as UBS set a target price of Rs 1,200, highlighting a significant upside. The company's shift to value-added products and strong earnings growth were noted. Recent results showed a 37% increase in profit and 8.4% revenue growth.