Lloyds Metals and Energy hits 52-week high

Lloyds Metals and Energy surged 14.57% to Rs 22.80 at 13:00 IST on BSE after the company said that a meeting of the board of directors of the company will be held on 14 April 2016, to consider 2 for 1 stock-split proposal.

The announcement was made after market hours on Friday, 1 April 2016.

Meanwhile, the S&P BSE Sensex was down 37.30 points or 0.15% at 25,232.34.

On BSE, so far 70,119 shares were traded in the counter as against average daily volume of 98,710 shares in the past one quarter. The stock hit a high of Rs 23 in intraday trade, which is also a 52-week high for the stock.The stock hit a low of Rs 20 so far during the day. The stock had hit a 52-week low of Rs 5.55 on 3 July 2015. The stock had outperformed the market over the past one month till 1 April 2016, rising 17.4% compared with Sensex's 6.27% rise. The scrip had also outperformed the market in past one quarter, jumping 163.58% as against Sensex's 3.41% fall.

The small-cap company has equity capital of Rs 22.26 crore. Face value per share is Rs 2.

Lloyds Metals and Energy reported net profit of Rs 0.25 crore in Q3 December 2015 compared with net loss of Rs 6.64 crore in Q3 December 2014. Net sales fell 32.6% to Rs 73.88 crore in Q3 December 2015 over Q3 December 2014.

Lloyds Metals and Energy is a part of Lloyds group and is into manufacturing of spong and iron.

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