India, April 20 -- During Monday's trading session, shares of the 4th Largest Sponge Iron player, leading player in terms of pellet capacity, and one of the largest ferro alloys producers in India, are under pressure on the stock exchanges, after the Directorate of Enforcement (ED) issued a provisional attachment order of around Rs. 159.51 crore linked to its subsidiary under the provisions of the Prevention of Money Laundering Act (PMLA).

With a market cap of Rs. 23,949.5 crores, shares of Shyam Metalics & Energy Limited are currently trading in the red at Rs. 858 on BSE, down by around 1 percent, compared to its previous closing price of Rs. 864.8. The stock has delivered negative returns of nearly 6 percent in the last one year, but h...