Lumax Auto Tech advances as board approves stock-split

Lumax Auto Technologies gained 2.63% to Rs 825 at 09:28 IST on BSE after the company's board of directors considered and approved a 5-for-1 stock-split of equity shares.

The announcement was made after market hours on Friday, 23 March 2018.

Meanwhile, the S&P BSE Sensex was up 44.84 points or 0.14% at 32,641.38. The S&P BSE Small-Cap index was up 56.46 points or 0.34% to 16,857.64.

On the BSE, 857 shares were traded on the counter so far as against average daily volumes of 607 shares in the past two weeks. The stock had hit a high of Rs 839.60 and a low of Rs 825 so far during the day. The stock had hit a record high of Rs 931.85 on 14 February 2018 and a 52-week low of Rs 449.40 on 24 May 2017.

 

The small-cap company has equity capital of Rs 13.63 crore. Face value per share is Rs 10.

On a consolidated basis, Lumax Auto Technologies' net profit surged 160.77% to Rs 14.89 crore on 25.94% growth in net sales to Rs 277.22 crore in Q3 December 2017 over Q3 December 2016.

Lumax Auto Technologies manufactures diverse products catering to the two, three and four-wheeler segments.

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