Meanwhile, the S&P BSE Sensex was down 268.94 points or 0.78% at 34,028.53. The S&P BSE Small-Cap index was down 251.86 points or 1.38% at 18,006.30.

On the BSE, 78,000 shares were traded on the counter so far as against the average daily volumes of 63,621 shares in the past one quarter. The stock had hit a high of Rs 17.80 and a low of Rs 16.10 so far during the day. The stock had hit a 52-week high of Rs 23 on 17 May 2017. The stock had hit a 52-week low of Rs 14.60 on 23 March 2017.

The stock had underperformed the market over the past 30 days till 15 February 2018, falling 11.89% compared with 2.24% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 9.55% as against Sensex's 2.86% rise. The scrip also underperformed the market in past one year, rising 1.61% as against Sensex's 21.19% rise.

The small-cap company has equity capital of Rs 22.26 crore. Face value per share is Re 1.

Lloyds Metals & Energy said that the company has signed Memorandum of Understanding (MOU) with Government of Maharashtra to facilitate investment in respect of the proposed mineral based steel plant at Gadchiroli District, Maharashtra, with an investment of Rs 700 crore.

Lloyds Metals & Energy's net profit surged 265.12% to Rs 1.57 crore on 2.86% increase in total income to Rs 122.47 crore in Q3 December 2017 over Q3 December 2016.

Lloyds Metals & Energy (formally known as Lloyds Metals and Engineers) is engaged in sponge iron manufacturing.