-India's Lloyds Metals and Energy shines after strong Q3 earnings

Lloyds Metals And Energy

23/01/2024 04:12

** Shares of Lloyds Metals and Energy  LYMT.NS  up as much
as 7.7% to 637.95 rupees
    ** The miner on Monday reported a 44.1% Y/Y rise in its Q3
net profit, while rev from ops surged 91.1%
    ** Separately, the company also approved the construction of
a pellet plant and slurry pipeline in Maharashtra state.
    ** Stock on track for a fourth consecutive session of gains,
if trends hold; posts biggest intraday pct gain since Dec. 5
    ** More than 352,000 shares change hands in early trade,
1.4x the 30-day avg
    ** Stock, which listed in July, was last up 3%

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))