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Lloyds Metals & Engineers slides as Q1 net loss widens

Capital Market/ 11:56 , Jul 30, 2010

Lloyds Metals & Engineers declined 2.99% to Rs 65 at 11:55 IST on BSE, after the company reported higher net loss of Rs 8.30 crore for Q1 June 2010 compared to net loss of Rs 1.28 crore in Q1 June 2009.

Meanwhile, the BSE Sensex was down 50.99 points, or 0.28% at 17,941.01.

On BSE, 7,913 shares were traded in the counter as against an average daily volume of 41,291 shares in the past one quarter.

The stock hit a high of Rs 66.50 and a low of Rs 65 so far during the day. The stock had hit a 52-week high of Rs 74.80 on 13 July 2010 and a 52-week low of Rs 23.50 on 25 August 2009.

The small-cap stock had outperformed the market over the past one month till 29 July 2010, gaining 7.89% as compared to the Sensex's return of 2.61%. It had also outperformed the market in the past one quarter, surging 47.09% as compared to the Sensex's 2.79% rise.

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

Lloyds Metals & Engineers' net sales rose 23.3% to Rs 136.29 crore in Q1 June 2010 over Q1 June 2009. The company declared its results after market hours on Thursday, 29 July 2010.

 



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