Metal stocks have seen a significant surge of 22% since March, with Lloyds Metals and Nalco driving the growth. Analysts anticipate further gains, predicting an additional 18% upside for Jindal Steel, Nalco, and NMDC due to market momentum.

Equirus, a financial advisory firm, has retained a bullish stance on Lloyds Metals (LMEL), predicting a potential 65% increase to reach ₹2,100 due to its cost efficiency and diversification strategies. However, LMEL's ongoing DRC projects may encounter challenges related to execution, funding, and geopolitical issues, as highlighted by Equirus.

Investment firm Equirus suggests purchasing shares of Lloyds Metals, currently priced at ₹1,390, due to positive outlook on the company's future performance.

Lloyds Metals significantly increased its Direct Reduced Iron (DRI) production by 57% year-over-year to reach 484K tonnes. The company's pellet production also reached full capacity at 3.03M tonnes.

Lloyds Metals significantly boosted its iron ore output in FY26, nearly doubling it to 21.96 million tons, with Q4 showing a staggering 529% year-on-year increase. The company's DRI production also saw an impressive rise of 57% year-on-year to 484,000 tonnes, and their pellet plant is now operating at full capacity.

On April 1, 2026, Lloyds Metals & Energy, a mid-cap ferrous metals company, experienced a significant surge of 5.4%, outpacing the Sensex by 3%. This impressive performance suggests a potential shift in momentum for the firm.

Lloyds Metals and Energy (LMEL) has completed the acquisition of CHEMAF Group, a DRC-based copper and cobalt producer. This strategic move significantly boosts LMEL's capacity, adding 100,000 tons per annum (TPA) of copper and 20,000 TPA of cobalt to their portfolio.