Street signs: Shyam GMP at 35%, demand recovery to aid Power PSUs & more

Tata Steel is expected to see huge inflows from ETFs over the next week.

Shyam GMP at 35%; Sona’s at 10%

The grey market premium (GMP) for Shyam Metalics and Energy is 35 per cent, while that for Sona BLW Precision Forgings is less than 10 per cent, said people in the know. The two IPOs are hitting the market after a gap of more than two months. “The valuation of Shyam Metalics is at a discount to listed peers, such as Tata Steel and JSW Steel. As a result, there is an upside potential,” said an analyst. The price band for the Shyam Metalics IPO is Rs 303-306 per share. At the top end,