We had recommended Lloyd Electric at Rs. 115 on 25.July.2014. The research report has been published here (LLOYD REPORT). We further suggested to Buy after the 1QFY15 results was announced at Rs. 137. We further suggested a STRONG buy at Rs. 159. Below is the update on same:

Lloyd Electric: Celebrating Onam
We are trying to follow up the brand penetration and distribution efforts of the management of Lloyd. We came across a very good advertisement of Lloyd Electric in a newspaper of Kerela due to Onam festival being celebrated there. The newspaper has a circulation of 300,000 subscribers in the state of Kerala.
It is important to understand that Lloyd has more strength in the North and penetration / presence in South can really help them achieve much higher sales growth.

Here is the advertisement:

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