Lloyd Electric gains; valued at 75 percent discount to Voltas

Reuters Market Eye - Lloyd Electric and Engineering surges 10 percent to its highest in nearly 6 years, adding to the 5 percent gains on Thursday.

Investors cite attractive valuations relative to rivals.

The consumer appliance maker trades at 6 times of its 1-year forward earnings.

That compares to 24 times of rival Voltas , Thomson Reuters data shows.

(Reporting by Abhishek Vishnoi)