Lux Inds spurts as Reliance MF buys shares

Lux Industries surged 6.48% at Rs 959.80 at 10:47 IST on BSE after Reliance Mutual Fund purchased bulk shares of the company via bulk deal yesterday, 13 June 2017.

Meanwhile, the S&P BSE Sensex was up 0.09 points at 31,103.58. The S&P BSE Small-Cap index fell 8.48 points or 0.05% at 15,509.45.

On the BSE, 26,000 shares were traded on the counter so far as against the average daily volumes of 98,000 shares in the past two weeks.

The stock had hit a high of Rs 970 so far during the day, which is a record high. The stock hit a low of Rs 930 so far during the day. The stock had hit a 52-week low of Rs 570.45 on 18 August 2016.

Valuead Securities sold 5.62 lakh shares of apparel firm Lux Industries at Rs 901.64 per share in a bulk deal on the BSE yesterday, 13 June 2017. Reliance Mutual Fund bought 4.44 lakh shares at Rs 900.4 per share.

Valuead Securities held 2.23% stake in Lux Industries end March 2017.

Lux Industries' net profit rose 26.9% to Rs 19.59 crore on 3.6% growth in net sales to Rs 279.57 crore in Q4 March 2017 over Q4 March 2016.

Lux Industries makes various kinds of hosiery products for men, women and children.

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