Lumax Industries drops on profit booking

Lumax Industries lost 2.82% to Rs 1042.95 on profit booking after rising 31.17% in the preceding four trading sessions to settle at Rs 1,073.20 yesterday, 12 January 2017, from its close of Rs 818.20 on 6 January 2017.

Meanwhile, the S&P BSE Sensex was down 9.10 points or 0.03% at 27,238.06

On BSE, 38,000 shares were traded in the counter as against average daily volume of 9,764 lakh shares in the past two weeks. The stock had hit a high of Rs 1,073 and a low of Rs 990. The stock had hit a record high of Rs 1,083.30 on 12 January 2017. The stock had hit a 52-week low of Rs 356.50 on 12 February 2016.

 

The small-cap company has equity capital of Rs 9.35 crore. Face value per share is Rs 10.

Lumax Industries' consolidated net profit rose 38.53% to Rs 17.76 crore on 1.82% rise in total income to Rs 310.80 crore in Q2 September 2016 over Q2 September 2015.

Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a variety of diverse applications.

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