Lloyds Metals & Energy surges on incorporating wholly owned subsidiary
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Lloyds Metals & Energy is currently trading at Rs. 602.20, up by 7.95 points or 1.34% from its previous closing of Rs. 594.25 on the BSE.
The scrip opened at Rs. 603.90 and has touched a high and low of Rs. 605.20 and Rs. 595.00 respectively. So far 21664 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 687.85 on 09-Aug-2023 and a 52 week low of Rs. 163.15 on 30-Nov-2022.
Last one week high and low of the scrip stood at Rs. 599.00 and Rs. 546.75 respectively. The current market cap of the company is Rs. 30438.38 crore.
The promoters holding in the company stood at 65.75%, while Institutions and Non-Institutions held 0.27% and 33.97% respectively.
Lloyds Metals & Energy has incorporated a new 100% wholly owned subsidiary (WOS) by the name Lloyds Surya (LSPL) on October 11, 2023. The company has incorporated a new 100% Wholly Owned Subsidiary to carry on the business as an energy company that offers, generates and distributes solar, wind, and hydro power as well as other renewable energy sources and to act as consultants and contractors in setting up of all types for production of renewable energy and other allied activities. The business of the new 100% Wholly Owned Subsidiary aligns with the main business activity of the Company.
Lloyds Metals and Energy is into the business of manufacturing of sponge iron, power generation and mining activities.
