Lloyds Engineering Works is currently trading at Rs. 59.10, up by 4.75 points or 8.74% from its previous closing of Rs. 54.35 on the BSE.
The scrip opened at Rs. 55.08 and has touched a high and low of Rs. 62.50 and Rs. 55.08 respectively. So far 2284696 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 62.50 on 21-Feb-2024 and a 52 week low of Rs. 18.21 on 24-Apr-2023.
Last one week high and low of the scrip stood at Rs. 62.50 and Rs. 52.99 respectively. The current market cap of the company is Rs. 6701.81 crore.
The promoters holding in the company stood at 57.25%, while Institutions and Non-Institutions held 1.53% and 41.22% respectively.
Lloyds Engineering Works has secured orders for naval equipment, marking an important milestone in the company's growth trajectory. The orders, valued at over Rs 81 crore, encompass Ship steering gears System and Ship stabiliser systems, and are slated for execution over the course of three years.
These orders, in respect to new ships being built, signify the company's proactive stance in capturing the increasing demand resulting from the government's heightened defence spending.
As new ship orders continue to rise, the orders received by Lloyds Engineering serve as a promising beginning in leveraging the opportunities presented by this trend. These orders underscore Lloyds Engineering's unwavering commitment to innovation and excellence in the defence sector. They not only signify a substantial revenue boost but also represent the company's strategic shift towards emerging sectors, aligning perfectly with its vision for the future.
Lloyds Engineering Works (formerly known as Lloyds Steels Industries) is a designer and Manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.
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