India's Lokesh Machines jumps after removal from US OFAC list

Lokesh Machines

01/07/2026 07:35

** Shares of Lokesh Machines LOMA.NS jump 5% to hit upper limit of exchange-mandated trading band of 285.70 rupees
** United States Department of the Treasury's Office
of Foreign Assets Control (OFAC) has removed co from the specially designated nationals and blocked persons list
** LOMA says all property and interests in property that had been blocked solely due to designation are unblocked
** YTD, LOMA up ~76%

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))