Lux Industries drops after announcing Q1 results

Lux Industries was down 2.78% to Rs 594 at 11:06 IST on BSE after net profit rose 18% to Rs 10.17 crore on 9.7% growth in net sales to Rs 179.89 crore in Q1 June 2016 over Q1 June 2015.

The result was announced on Saturday, 13 August 2016.

Meanwhile, the S&P BSE Sensex was down 33.56 points or 0.12% at 28,118.84.

On BSE, so far 529 shares were traded in the counter as against average daily volume of 804 shares in the past one quarter. The stock hit a high of Rs 607.60 and a low of Rs 579.50 so far during the day. The stock had hit a record high of Rs 781 on 5 January 2016. The stock had hit a record low of Rs 534 on 29 February 2016. The stock had underperformed the market over the past one month till 12 August 2016, sliding 2.18% compared with 1.24% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 6.86% as against Sensex's 9.16% rise.

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

Lux Industries makes underwear. Its offerings include various kinds of hosiery products for men, women and children.

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