Lumax Industries jumps over 29% in four sessions

Lumax Industries jumped 12.75% to Rs 429 at 14:05 IST on BSE, extending recent gains triggered by the company's strong Q1 June 2014 results.

Meanwhile, the BSE Sensex was down 101 points, or 0.38%, to 26,319.67.

On BSE, so far 5.49 lakh shares were traded in the counter, compared with an average volume of 3,627 shares in the past one quarter.

The stock hit a high of Rs 447.55 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 379 so far during the day. The stock hit a 52-week low of Rs 285 on 3 April 2014.

The stock had outperformed the market over the past one month till 19 August 2014, rising 13.50% compared with 3.04% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 25.06% as against Sensex's 8.45% rise.

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

Net profit of Lumax Industries surged 688.89% to Rs 4.97 crore on 1.15% rise in net sales to Rs 272.56 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on 13 August 2014.

Shares of Lumax Industries have risen 29.12% in four trading sessions from Rs 332.25 on 13 August 2014.

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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