Lumax Auto Technologies rose 2.56% to Rs 142 at 9:31 IST on BSE after the company said that its newly set-up unit at Aurangabad started commercial production from 12 February 2019.The announcement was made after trading hours yesterday, 12 February 2019.
On the BSE, 400 lakh shares were traded in the counter so far compared with average daily volumes of 2901 lakh shares in the past two weeks. The stock had hit a high of Rs 142 and a low of Rs 141.95 so far during the day. The stock hit a 52-week high of Rs 224.10 on 16 August 2018. The stock hit a 52-week low of Rs 127 on 28 June 2018.
Lumax Auto Technologies informed that, the newly set-up unit of the company situated at Aurangabad in Pune (Maharashtra) has started commercial production/supply with effect from 12 February 2019. This unit has been set-up to manufacture and supply chassis frame, swing arm and trail arm to its customer, Bajaj Auto. The unit has been setup with a capacity of about 700,000 annually. The unit was inaugurated by D.V. Rangnath, Sr. Vice President - Materials, Bajaj Auto and Anmol Jain, managing director of the company.
On a consolidated basis, net profit of Lumax Auto Technologies rose 33.41% to Rs 17.37 crore on 15.44% rise in net sales to Rs 320.01 crore in Q3 December 2018 over Q3 December 2017.
Lumax Auto Technologies manufactures is an integrated auto component manufacturer.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)