Lloyd Electric may head towards Rs 320-325: Thunuguntla

Jagannadham Thunuguntla, Head-Research at Karvy Stock Broking told CNBC-TV18, "Lloyd Electric has been picking up in terms of the market share especially on the air conditioner front. In FY'15, they have about 8 percent market share and then in the first half of FY'16, the market share increased to 11 percent and the company has been aggressively spending on the marketing and on the advertising as well as on the dealer front they have already added 7,500 dealership network which definitely will help in increasing the visibility.""The company is the largest manufacturer of coils and radiators which will help it in terms of its monthly customer base to cater to them. All in all, things are falling rightly for Lloyds and it is also a reasonably valued stock. We feel that the stock may be heading towards Rs 320-325," he said.