India's Lloyds Metals And Energy rises as Nomura initiates coverage with 'buy'

Lloyds Metals And Energy

25/02/2026 05:02

** Shares of India's Lloyds Metals And Energy LYMT.NS jump 4.55% to 1218.40 rupees

** Nomura initiates coverage with "buy", sets PT at 1600 rupees

** Brokerage sees co transitioning to integrated steel producer with diversified revenue base from a pure-play miner

** Expects consolidated EBITDA to jump to about 109 billion rupees ($1.20 billion) by FY28 vs 19 billion rupees in FY25

** Stock rated "StrongBuy" on avg by five analysts, median PT at 1630 rupees - data compiled by LSEG

** LYMT gained 7.3% in 2025, stock down ~12% so far in 2026

($1 = 90.9050 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))