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Shyam Metalics October business update: Stainless steel volumes rise 20.4%, realisations up 42.09% - CNBC TV18
Shyam Metalics October business update: Stainless steel volumes rise 20.4%, realisations up 42.09% - Published OnNov 6, 2026 | 18:01 IST - Last Updated OnNov 6, 2026 | 18:01 IST Shyam Metalics posted strong annual volume and price gains across stainless steel, speciality alloys, and flat carbon steel segments, bolstered by a stable new aluminium foil facility. Discover how softer month-on-month demand across key categories is impacting near-term margin expectations.
Shyam Metalics Q2 profit nearly doubles to ₹511 crore on 26% volume growth
Sales rose 33.4% year-on-year while EBITDA grew 52% to ₹822.8 crore, with the profit after tax figure of ₹511 crore reflecting an accounting shift in depreciation alongside stronger delivery volumes. Rising capital expenditures accompanied the volume-driven topline growth. The stock, which has been in an uptrend since April off support at ₹750, broke through resistance at ₹1,110 and marked a fresh high of ₹1,240.
Gold futures climb to ₹1.43 lakh as Fed holds rates, silver slips
Gold prices swung after the Federal Reserve kept rates unchanged, with domestic futures rising to ₹1.43 lakh per 10 gm on firm spot demand while international bullion slipped as markets digested Fed signals. Silver futures declined to ₹1.93 lakh per kg, diverging from gold's domestic strength. Traders are now awaiting US inflation data for the next directional cue.
Bombay Coated & Special Steels opens ₹183 crore IPO
Bombay Coated & Special Steels IPO opens: Anand Rathi bullish; here's why The ₹183.06-crore IPO is entirely a fresh issue of 2.23 crore shares. The public issue will remain open for subscription until November 2. Listen to This Article Bombay Coated & Special Steels Ltd’s initial public offering (IPO) opened for subscription on Thursday, October 29, receiving a strong response in the first few hours of bidding.
GTRI urges review of 6,500-tonne silver import quota
GTRI: 6,500 ton silver quota undercuts case for import curbs - Published OnOct 23, 2026 | 20:36 IST - Last Updated OnOct 23, 2026 | 20:36 IST The GTRI urged the government to review its 6,500-tonne silver import quota, arguing that such a large allocation questions the need for import curbs. GTRI recommended abolishing quotas and restoring license-free imports with standard customs duty to cut business uncertainty and costs.
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Tata Steel net up 18% in Q2 on better realisation
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