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Stocks to buy for long term: Lloyds Metals and Energy share price climbed over 2 per cent in morning trade on the BSE on Friday, May 2, looking set to snap its four-day losing streak. Lloyds Metals shares opened at ₹1,200.15 against their previous close of ₹1,202.15 and rose 2.3 per cent to an intraday high of ₹1,230. The metal stock, however, pared gains significantly and traded with a mild gain of 0.15 per cent at ₹1,203.95.

Lloyds Metals And Energy share price has been under pressure since April 25- the day the meatal company reported its March quarter (Q4) scorecard.

The company after market hours on April 25 reported a 27 per cent year-on-year (YoY) fall in consolidated net profit for Q4FY25 to ₹201.88 crore against ₹276.91 crore in the corresponding quarter of the previous financial year.

Gross sales during the quarter fell 23.5 per cent YoY to ₹1,182.66 crore from ₹1,545.72 crore in the same quarter last year.

The company announced a final dividend of 100 per cent (i.e. ₹1 per share) on equity shares of the face value of ₹1 each for FY25.

(This is a developing story. Please check back for fresh updates.)

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