Lux Industries advances as board approves stock-split proposal

Lux Industries gained 3.63% to Rs 3,615 at 11:15 IST on BSE after the company's board of directors at its meeting held yesterday, 12 April 2016, approved a 5-for-1 stock-split proposal.

The announcement was made after market hours yesterday, 12 April 2016.

Meanwhile, the S&P BSE Sensex was up 415.21 points or 1.65% at 25,560.80

On BSE, so far 937 shares were traded in the counter as against average daily volume of 558 shares in the past one quarter. The stock hit a high of Rs 3,623.50 and a low of Rs 3,500 so far during the day. The stock had hit a record high of Rs 3,905 on 5 January 2016. The stock had hit a record low of Rs 2,670 on 29 February 2016. The stock had outperformed the market over the past one month till 12 April 2016, rising 5.15% compared with 1.73% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 2.08% as against Sensex's 1.88% rise.

The small-cap company has equity capital of Rs 5.05 crore. Face value per share is Rs 10.

Lux Industries' net profit rose 60.4% to Rs 14.23 crore on 20.4% growth in net sales to Rs 247.07 crore in Q3 December 2015 over Q3 December 2014.

Lux Industries makes innerwear under the Lux brand.

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