Lloyd Electric Surges to Nearly 6-Year High

Lloyd Electric and Engineering surged 10 per cent to its highest in nearly 6 years, adding to the 5 per cent gains on Thursday.

Investors cite attractive valuations relative to rivals.

The consumer appliance maker trades at 6 times of its 1-year forward earnings.

That compares to 24 times of rival Voltas, Thomson Reuters data shows.

Copyright: Thomson Reuters 2014