Archive · 19 Aug 2025
JM Financial Recommends 'Buy' for Lloyds Metals, Sets Target
Lloyds Metals stock went down for a bit, but a financial company called JM Financial still thinks it's a good investment.
They say buy the stock, and it could go up to Rs 1,680.
The company is planning to dig up more iron ore and has bought into other companies to make more steel pellets.
JM Financial believes Lloyds Metals will make a lot more money in the next couple of years because of these plans.
Lloyds Metals shares fell for a third day despite strong performance over six months.
JM Financial maintains a 'Buy' rating with a target price of Rs 1,680.
The company plans significant iron ore production and strategic expansions.
Lloyds Metals made equity investments in MRPPL and BRPL, increasing pellet capacity.
JM Financial projects substantial growth in net sales, EBITDA, and net profit for Lloyds Metals.
- Who
- JM Financial is the brokerage firm providing the analysis.
- What
- JM Financial recommends a 'Buy' rating for Lloyds Metals stock.
- When
- The analysis projects financial improvements in the coming years.
- Where
- The report focuses on Lloyds Metals and its market performance.
- Why
- The brokerage sees growth potential based on company expansion plans.
Market Correction
Future Growth
Market Trends
Market Correction
Shares fell for a third day, signaling a market correction.
Future Growth
Despite the recent drop, the brokerage firm has a bullish view for the company.
- Stock Rating
- Buy
- Target Price
- Rs 1,680
- Upside Potential
- 19%
- Current Market Price
- Rs 1,413
- Iron Ore Production FY26
- 22 million tonnes
- Net Sales FY26 (Projected)
- Rs 15,781.3 crore
