Synopsis:

The shares of this industry products company were in the news today following the announcement of its agreement with an Italian firm to develop radar technology.

This company, which is primarily engaged in the design, manufacturing, and commissioning of heavy equipment, machinery & systems for the hydrocarbon sector, oil & gas, steel plants, power plants, nuclear plant boilers, and turnkey projects, had its shares in the spotlight following the agreement it made with Virtualabs S.r.l., Italy.

With a market cap of Rs 6,181 crore, the shares of Lloyds Engineering Works Ltd gained 8.38 per cent, reaching a high of Rs 54.34 in today’s trading session when compared to its previous day’s closing price of Rs 50.15. The shares are trading at a PE of 53.2, whereas the industry PE i

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