 "Motherson Sumi acquires Hungarian auto parts maker Abraham es Tarsa")
Shares of three auto ancillary companies – Lumax Industries, Minda Industries and Endurance Technologies – hit their respective record highs on the BSE in intra-day trade on Monday. In past three months, the market price of these three companies has gain more than 25% each as compared to 10% rise in the S&P BSE Sensex.
Lumax Industries rallied 12% to Rs 1,375, extending its 10% gain in past nine trading sessions. Since February 10, the stock rallied 24% after the company reported 23% year on year (YoY) jump in consolidated net profit at Rs 17 crore for the quarter
Lumax Industries rallied 12% to Rs 1,375, extending its 10% gain in past nine trading sessions. Since February 10, the stock rallied 24% after the company reported 23% year on year (YoY) jump in consolidated net profit at Rs 17 crore for the quarter
