Lux Industries extends rally post March quarter result; gains 63% in 5 days

Analysts at Anand Rathi Share and Stock Brokers retain their 'Buy' rating on Lux Industries with a revised target price of Rs 3,344

Shares of Lux Industries hit a new high of Rs 3,323, soaring 19 per cent on the BSE in intra-day trade on Friday. With today's rally, the stock one of India’s largest hosiery producers and exporters has zoomed 63 per cent in five sessions on the back of robust results for the March quarter (Q4FY21). In comparison, the S&P BSE Sensex was up 1.6 per cent during the period.

Lux Industries' product portfolio includes men’s, women’s and kids' innerwear, winterwear, socks & slacks for women. The company has around 5,000 SKU’s (Stock Keeping Units) under various Brands and Sub