Lux Inds weaves gains after commissioning new facility

Lux Industries rose 1.57% to Rs 1,161.15 at 15:25 IST on BSE after the company said it has commissioned an integrated facility at Dankuni, West Bengal, to ramp up its capacity in the state.

The announcement was made during market hours today, 26 October 2017.

Meanwhile, the S&P BSE Sensex was up 104.63 points, or 0.32% at 33,147.13. The S&P BSE Small-Cap index was up 97.46 points, or 0.57% at 17,256.76.

On the BSE, 3,125 shares were traded on the counter so far as against the average daily volumes of 6,053 shares in the past one quarter. The stock had hit a high of Rs 1,210 and a low of Rs 1,145 so far during the day. The stock had hit a record high of Rs 1,316.60 on 28 August 2017. The stock had hit a 52-week low of Rs 649.95 on 21 March 2017.

The stock had underperformed the market over the past one month till 25 October 2017, falling 0.26% compared with 4.57% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 1.49% as against Sensex's 2.04% rise. The scrip, however, outperformed the market in past one year, surging 57.14% as against Sensex's 18.70% rise.

The small-cap company has equity capital of Rs 5.05 crore. Face value per share is Rs 2.

Lux Industries said that the new facility has the potential to increase the production capacity to 20 lakh units per day in the next three years from 14 lakh pieces now.

Lux Industries' net profit rose 64.98% to Rs 15.69 crore on 43.51% increase in net sales to Rs 255.96 crore in Q1 June 2017 over Q1 June 2016.

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

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