Lumax Inds slumps after uninspiring Q1 results

Lumax Industries lost 6.94% to Rs 690 at 12:12 IST on BSE after consolidated net profit rose 0.3% to Rs 13.31 crore on 4.1% decline in net sales to Rs 302.24 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 8 August 2016.

Meanwhile, the S&P BSE Sensex was down 164.44 points or 0.58% at 28,018.13.

On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 14,250 shares in the past one quarter. The stock hit a high of Rs 735 and a low of Rs 682.95 so far during the day. The stock had hit a 52-week low of Rs 356.50 on 12 February 2016. The stock had hit a record high of Rs 814.25 on 1 August 2016. The stock had outperformed the market over the past one month till 8 August 2016, advancing 6.54% compared with 3.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 68.36% as against Sensex's 11.71% rise.

The small-cap company has equity capital of Rs 9.35 crore. Face value per share is Rs 10.

Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a variety of diverse applications.

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