Lloyds Metals and Energy surges on reporting 6% growth in iron ore production during Q1FY25
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Lloyds Metals & Energy is currently trading at Rs. 739.95, up by 6.70 points or 0.91% from its previous closing of Rs. 733.25 on the BSE.
The scrip opened at Rs. 742.90 and has touched a high and low of Rs. 748.70 and Rs. 733.10 respectively. So far 33930 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 785.90 on 04-Jul-2024 and a 52 week low of Rs. 485.30 on 06-Nov-2023.
Last one week high and low of the scrip stood at Rs. 770.65 and Rs. 720.55 respectively. The current market cap of the company is Rs. 38793.54 crore.
The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 3.09% and 33.42% respectively.
Lloyds Metals and Energy has reported its highest-ever quarterly iron ore production, achieving 4 million tonnes (provisional), marking a 6% year-on-year (YoY) increase in Q1FY25 and a 162% quarter-on-quarter (QoQ) rise. Additionally, the company's Direct Reduced Iron (DRI) production reached around 76,000 tonnes (provisional), reflecting a 16% YoY growth.
Lloyds Metals and Energy is into the business of manufacturing of sponge iron, power generation and mining activities.
