Lloyds Metals and Energy rose 1.04% to Rs 29.20 at 15:26 IST on BSE after the company fixed 27 July 2016 as the record date for the proposed stock split.
The announcement was made during trading hours today, 15 July 2016.Meanwhile, the BSE Sensex was down 106.66 points, or 0.38%, to 27,835.45.
On BSE, so far 89,000 shares were traded in the counter, compared with an average volume of 49,225 shares in the past one quarter. The stock hit a high of Rs 30.50 and a low of Rs 28 so far during the day. The stock hit a 52-week high of Rs 34.95 on 12 April 2016. The stock hit a 52-week low of Rs 5.66 on 31 July 2015. The stock had underperformed the market over the past one month till 14 July 2016, rising 0.70% compared with 5.86% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.97% as against Sensex's 9.03% rise.
The small-cap company has an equity capital of Rs 22.26 crore. Face value per share is Rs 2.
Earlier in April 2016, the board of Lloyds Metals and Energy had approved splitting each share into two.
Lloyds Metals & Energy reported net loss of Rs 2.63 crore in Q4 March 2016 as against net loss of Rs 2.56 crore in Q4 March 2015. Net sales declined 32.32% to Rs 81.82 crore in Q4 March 2016 over Q4 March 2015.
Lloyds Metals and Energy focuses on manufacturing steel & related products, including upstream (coal-based DRI) & downstream (like engineering products).
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