India's Lloyds Metals hits record high after rise in 9-mth production

Lloyds Metals And Energy

01/01/2025 09:58

** Shares of Lloyds Metals and Energy  LYMT.NS  rise as much
as 2.9% to hit record high of 1,267 rupees
    ** LYMT says in 9-month FY25 period, co's iron ore
production rose 5% Y/Y and direct reduced iron (DRI) production
jumped 22% Y/Y
    ** DRI is iron ore in the form of lumps, fines and pellets
from which oxygen has been removed
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since Nov. 22
    ** More than 823,000 shares change hands, 1.2x of 30-day avg
    ** Stock jumped 105.4% in 2024



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))