10:44:52 AM IST, 09 Dec 2024
Sensex Today | InCred on Lloyds Metals & Energy Ltd: Add | Target: Rs1,476 | LTP: Rs 1,050 | Upside: 40%
Lloyd Metals is poised for significant growth, and InCred has initiated an "Add" rating with a target price of Rs 1,476, offering a potential upside of 40% from the current level of Rs 1,050.
Despite the company’s strong position as a direct beneficiary of rising iron ore prices, the iron ore business faces challenges due to flawed policies and unviable bidding practices, which have led to a supply deficit.