India's Lloyds Metals rises; Incred starts coverage with 'add'
09/12/2024 07:18
** Lloyds Metals and Energy LYMT.NS gains 3.8% to 1,091
rupees
** Incred Equities starts with "add" and Street-high PT of
1,476 rupees, a more than 35% upside to current price
** Says India's rising steel demand and high iron ore prices
to drive Lloyds Metals' growth
** Adds co projected to achieve 76% EPS growth over FY24-27
** Stock set to snap two-day losing streak
** LYMT gains ~82% YTD
(Reporting by Yagnoseni Das in Bengaluru)
((Yagnoseni.Das@thomsonreuters.com;))
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