Auto ancillary stocks in focus; Lumax, SSWL, Gabriel India hit record high

Lumax Ind, Talbros Automotive, Rane Engine, Rane Brake and Ucal Fuel were up over 5%

Shares of auto ancillaries companies rallied by up to 16% on the BSE in intra-day trade in otherwise subdued market.

Lumax Industries, Talbros Automotive Components, Rane Engine Valve, Rane Brake Lining, Ucal Fuel Systems, Jay Bharat Maruti, PPAP Automotive, Phoenix Lamps and Hindustan Composites were up more than 4%, as compared to 0.03% decline in the S&P BSE Sensex at 02:19 pm.

Lumax Industries, the leader in automotive lighting and illumination products, hit a record high of Rs 1,584, up 16% to Rs 1,584 on expectation of good growth in the current financial year, with the new orders in