Lumax Auto Tech recovers on bargain hunting

Lumax Auto Technologies rose 2.07% to Rs 790 at 15:15 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was down 95.71 points or 0.28% at 33,678.95. The S&P BSE Small-Cap index declined 0.2%, outperforming the Sensex.

On the BSE, 380 shares were traded on the counter so far as against average daily volumes of 8,923 shares in the past one quarter. The stock had hit a high of Rs 792.35 and a low of Rs 778.10 so far during the day. The stock had hit a record high of Rs 931.85 on 14 February 2018 and a 52-week low of Rs 420 on 28 February 2017.

The stock had outperformed the market over the past one month till 19 February 2018, gaining 2% compared with the Sensex's 4.89% fall. The stock had also outperformed the market over the past one quarter, advancing 27.5% as against the Sensex's 1.3% rise. The scrip had also outperformed the market over the past one year, surging 76.02% as against the Sensex's 18.64% rise.

The small-cap company has equity capital of Rs 13.63 crore. Face value per share is Rs 10.

Shares of Lumax Auto Technologies had declined 11.41% in the past four trading sessions to settle at Rs 773.95 yesterday, 19 February 2018, from its closing of Rs 873.65 on 12 February 2018.

On a consolidated basis, Lumax Auto Technologies' net profit surged 160.8% to Rs 14.89 crore on 25.9% growth in net sales to Rs 277.22 crore in Q3 December 2017 over Q3 December 2016.

Lumax Auto Technologies manufactures diverse products catering to the two, three and four-wheeler segments.

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