Lloyd Metals’ stock rose over 2% after Equirus Securities maintained a ‘Long’ call with a target price of ₹1,600.
The brokerage highlighted the strength of Thriveni Earthmovers’ (TEMPL) mine development and operations arm, TEIL, which manages a vast mining portfolio, with over 1,650 pieces of equipment and an annual excavation capacity of over 200 million bank cubic meters (mnbcm). Equirus expects this solid operational base to fuel long-term growth for Lloyd Metals in the mining sector.
Lloyd Metals shares opened at ₹1,128.05, with a high of ₹1,169.70 and a low matching the opening price. The stock is trading near its 52-week high of ₹1,186.00 and well above its 52-week low of ₹525.90.
As of 11:49 am, Lloyd Metals shares were trading 2.74% higher at Rs 1,116.00 on the NSE.
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