We had first recommended to Buy Lloyd Electric at Rs. 115 on 25-Jul-2014. The first report can be accessed here Lloyd First Report. We again came out with a further detailed report on Lloyd here - Lloyd Second Report at Rs. 152 with a target price of Rs. 275 - Rs. 300.

Our investment premise was based on potential brand growing at a low valuations with working capital as the main concern. Though the price of Rs. 275-300 has yet not come, we think the price run up is quite adequate to book profits at this stage and would suggest a complete exit from the same at CMP (around Rs. 210-220) with nearly 82% gains.

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