India, March 17 -- 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) ...