LOKESHMACH

May 31 (Reuters) - Lokesh Machines Ltd LOMA.NS:

• GETS ORDER WORTH 42.6 MILLION RUPEES

Source text for Eikon: ID:nBSEbGhnD4

Further company coverage: LOMA.NS

(([email protected];;))

** Shares of Lokesh Machines LOMA.NS rise as much as 6.3% to record high of 448 rupees

** Machine tools maker says it has received license for manufacturing, proof-testing, and sales of firearms from the India's home ministry

** Last week, LOMA received arms license for manufacturing and in-house proof testing of small arms by the ministry

** Stock has since risen ~25% and is on track for a ninth consecutive session of gain, if trend holds

** Trading vol 4.1x 30-day daily avg

** Stock rose 1.7% in March qtr, its seventh straight quarterly gain

** Stock gained more than threefold in 2023, its biggest yearly rise since listing in 2006

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Updates with closing market data

By Suzanne McGee

Nov 20 (Reuters) - An exchange-traded fund (ETF) focused on Argentina's stock market surged in New York on Monday after radical libertarian Javier Milei won the country's presidency.

The Global X MSCI Argentina ETF ARGT.N, which offers exposure to a basket of Argentina's most liquid stocks, soared nearly 11.5% on Monday after trading as much as 13.5% higher and hitting its highest level since September.

While the South American country's markets were closed on Monday for a local holiday, U.S.-listed shares of Argentinian companies also surged in U.S. trading.

The gains for the ETF came on a high number of small trades, Todd Sohn, an ETF analyst at Strategas in New York, said.

By the time the closing bell rang, the value of trading in the ETF approached $26 million, compared with an average of about $1 million a day throughout 2023. That's the second-most active day of trading ever recorded for the ETF, Sohn said. He added that most trades were blocks of 100 shares or even fewer.

"There seems to be a lot of random trading by retail investors playing the volatility" following the election news and amid speculation about Milei's proposals to tackle Argentina's economic woes, Sohn added.

Some of the largest investors of record in ARGT as of Sept. 30 include hedge fund Millennium Management LLC, which could not immediately be reached for comment.

The roster of large shareholders also includes ETF market makers and wealth management and advisory firms catering to high-net worth individuals and families.

ARGT, one of a number of small country-specific ETFs, has only about $56 million in assets. By far its largest holding is ecommerce company MercadoLibre Inc MELI.O, which accounts for 28% of the fund.

Other Argentina stocks that saw their U.S. listed shares rally were oil company YPF YPF.N, up 40.1%, and financials Banco Macro BMA.N and Grupo Financiero Galicia GGAL.O.

"These small country funds are ideal vehicles for small day traders who jump on events" like Sunday's presidential election in Argentina, Sohn said.

(Reporting by Suzanne McGee; editing by Megan Davies, Andrew Heavens and Cynthia Osterman)

(([email protected];))

** Shares of Lokesh Machines LOMA.NS jump as much as 20% to 186 rupees, their highest level since May 29, 2006

** Stock posts biggest intraday pct gain since Dec. 22, 2021, on track for a third consecutive session gains if trends hold

** Auto parts and machine tools maker said it received approval from the Ministry of Home Affairs to manufacture small arms

** More than 1.6 mln shares change hands by 01:27 p.m. IST, 5.9x the 30-day avg; most active trading session in nearly 10 months

** Stock up 47.5% this year, up to last close

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

April 6 (Reuters) - Lokesh Machines Ltd LOMA.NS:

• DECIDED NOT TO PROCEED WITH ISSUE OF SHARES AND WARRANTS ON A PREFERENTIAL BASIS

Source text for Eikon: ID:nNSE3ZdRJy

Further company coverage: LOMA.NS

(([email protected];))