Shyam Metalics and Energy (SMEL) has seen its revenue triple in the last five years, thanks to a big increase in production capacity.
The company recently completed a ₹95 billion capital‑expenditure program, boosting its steel making capabilities and strengthening its balance sheet.
SMEL aims to grow its revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) by about 2.5 times by FY 2028. The plan rests on three key moves:
The management expects the expansion to be funded without putting pressure on the balance sheet, and SMEL is likely to stay in a net‑cash position.
ICICI Securities continues to recommend a BUY on SMEL, with a target price of ₹1,000 per share, based on a 7.0× FY28E EV/EBITDA multiple.
If the company hits its growth targets, shareholders could see a significant uplift in share value, especially as the steel and stainless‑steel markets grow in India.
Remember, this is my interpretation, not a guarantee. Do your own research or consult a certified advisor before making any investment decisions.
Download the TradeKaizen app to practice F&O trading with real-time market data anytime, anywhere.
Get it on Google PlayConnect with fellow traders, share strategies, and improve your trading skills in our Telegram group.
Join TelegramYatayat Corporation, a logistics firm from Gujarat, has officially filed its draft prospectus with SEBI, signaling the start of its initial public offering. What the IPO includes Fresh issue of up to 77 lakh new equity shares. Offer for sale of up to 56 lakh shares by promoter Meena Praveen Aggarwal. Total shares on offer could reach up to 1.33 crore. Where the shares will trade The shares are planned to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) once the IPO is completed. Use of the money raised Money from the new shares is expected to be used to pay down existing loans, support working‑capital needs and fund general corporate activities. Company snapshot Yatayat focuses on full‑truck‑load (FTL) transport across major Indian freight corridors. It operates an asset‑light model, owning a small fleet while partnering with many independent truck owners. The firm also offers cross‑border services to Bangladesh and handles part‑load, express, over‑dimensional and multimodal freight through its subsidiary. Recent financial performance Revenue grew to ₹448.13 cr in FY2025, up from ₹348.34 cr in FY2024. Profit after tax rose to ₹30 cr in FY2025, compared with ₹14.95 cr the previous year. Profit margin improved to 6.70% in FY2025. For the quarter ending June 30 2025, revenue was ₹119.68 cr and profit after tax ₹7.83 cr. How to apply Unistone Capital is handling the book‑running for the issue. Investors can apply for the fresh issue or buy the promoter’s shares during the offer period, following standard IPO procedures on the stock exchanges. Key takeaway The IPO gives retail investors a chance to own a piece of a growing logistics player that is expanding its network across India and into Bangladesh, while the company gains capital to reduce debt and fuel further growth. Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before investing.
SEBI has announced a tweak to the Basic Services Demat Account (BSDA) rules that will make it easier for small investors to qualify and reduce paperwork for depository participants. What the change means Effective from March 31, 2026, the regulator will no longer count Zero Coupon Zero Principal (ZCZP) bonds or delisted securities when calculating the value of a portfolio for BSDA eligibility. In simple terms, these assets will be ignored in the eligibility test. Why it matters for investors Lower compliance burden: Depository participants (DPs) won’t need to include hard‑to‑price securities in their calculations. Clearer eligibility: Investors with holdings under ₹10 lakh can more easily meet the BSDA threshold. Automatic conversion: If you qualify, the DP must convert your regular demat account to a BSDA unless you actively opt out. New quarterly review rule DPs will now reassess every demat account’s BSDA eligibility every quarter, rather than on an ad‑hoc basis. For illiquid securities, the last available closing price will be used, and if market prices are missing, the most recent traded price or NAV will apply. How the valuation works Listed securities: valued at daily closing price or NAV. Unlisted securities (except mutual fund units): face value can be taken. Illiquid securities: use the last closing price. Suspended, delisted, and ZCZP bonds: not considered for BSDA eligibility. Background on BSDA The BSDA was introduced in 2012 to give investors with small portfolios (under ₹10 lakh) a cheaper, simpler demat account option. By removing certain low‑liquidity assets from the eligibility calculation, SEBI aims to further reduce the cost and complexity for these investors. Remember, this is perspective, not prediction. Do your own research and consider your personal financial situation before making any decisions.
Investors often treat all money in the market the same, but fresh cash entering the market behaves differently from money that’s already invested. Understanding this split can help you navigate changing market moods. Why the distinction matters When new investors pour money into stocks, they usually chase recent winners or hot sectors. Existing investors, however, tend to hold on to their positions and react more cautiously. Mixing the two can mask the true direction of the market. How the macro mood influences fresh vs existing money Broad economic sentiment – such as interest‑rate moves, earnings outlooks, or geopolitical events – can shift the market’s tone. In a bullish mood, fresh money often fuels rapid price gains, while in a bearish mood, it may flow into safer assets, leaving existing stock holdings to bear the downside. Practical steps for retail investors Watch inflow data: Look at fund inflow reports to see if fresh money is entering equities or staying in cash. Separate your portfolio: Treat new contributions as a distinct “fresh‑money” bucket and decide whether to invest them in the same stocks as your existing holdings. Align with market mood: In a positive macro environment, consider allocating fresh money to growth stocks. In a negative environment, shift toward defensive sectors or keep cash on the sidelines. Bottom line Distinguishing fresh money from existing funds gives you a clearer picture of market dynamics. By recognizing how macro sentiment affects each, you can make smarter allocation choices and protect your portfolio against sudden swings. Remember, this is perspective, not prediction. Do your own research and consider your risk tolerance before acting.