Why did Lloyds Metals & Energy shares jump over 8% today?

SYNOPSIS: Shares of Lloyds Metals & Energy Limited surged 8 percent after a natural stone mining company acquired a small stake via market purchase in the company, with the transaction remaining a purely financial investment.

During Tuesday’s trading session, shares of a company manufacturing sponge iron, power generation and mining activities, surged more than 8 percent on BSE. So, what triggered this sharp rise? Let’s break it down in this article.

With a market cap of Rs. 67,522.3 crores, shares of Lloyds Metals & Energy Limited closed in the green at Rs. 1240.4 on BSE, up by over 8 percent, compared to its previous closing price of Rs. 1,147.1. The stock has delivered positive returns of over 10 percent in one year, and has gained by nearly 5 percent in the last one month.

News

As per its latest regulatory disclosures with the stock exchanges, ASI Industries Limited has acquired equity shares of Lloyds Metals and Energy Limited (LMEL) as part of its investment strategy.

The shares were purchased through the open market via stock exchanges, with the objective of generating short-term or long-term investment returns. The company has clarified that this acquisition is purely financial in nature, and it does not intend to gain any control or influence over the management of Lloyds Metals and Energy.

The transaction was completed on 16th March 2026, with the total investment amounting to around Rs. 3.38 crore. Through this acquisition, ASI Industries purchased 30,000 equity shares, representing a stake of around 0.006 percent in the company.

ASI Industries Limited, a listed company with a current market capitalisation of Rs. 223 crores, is principally engaged in the business of mining and processing of natural stones. It offers natural stone, including slates, sandstone, and granite, along with providing stone cutting, sawing, and shaping services.

Previously, on 16th March, Lloyds Metals, through its subsidiary, announced the commencement of commercial production of copper cathodes from its 12,000 tonnes per annum (TPA) copper processing plant located in the Katanga Copper Belt in the Democratic Republic of Congo (DRC).

The development marks LMEL’s strategic entry into the global copper value chain, positioning the company to tap the rapidly expanding demand for copper driven by electrification, renewable energy infrastructure and electric mobility.

Financials

LMEL reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 202 percent, from Rs. 1,675 crores in Q3 FY25 to Rs. 5,058 crores in Q3 FY26. Likewise, its net profit increased during the same period from Rs. 389 crores to Rs. 1,090 crores, representing an impressive rise of more than 180 percent YoY.

Lloyds Metals and Energy Limited engaged in the business of iron ore mining, producing coal-based Direct Reduced Iron (DRI) or Sponge Iron and generating power. It is one of the largest coal-based DRI producers in Maharashtra, with a production capacity of 3.4 lakh tonnes per annum (TPA) across two districts.

The company operates a DRI plant in Ghugus, Chandrapur district, with a capacity of 2.7 lakh TPA, alongside a 30 MW captive power plant. It also has a Greenfield plant in Konsari, Gadchiroli, with a production capacity of 70,000 tonnes per annum and a 4 MW captive power plant.

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