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Lux Industries gains after fixing record date for stock split

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Capital Market

Lux Industries gained 3.71% to Rs 3,400 at 11:50 IST on BSE after the company said that it has fixed 7 June 2016 as the record date for its 5-for-1 stock split proposal.

The announcement was made after market hours on Friday, 27 May 2016.

Meanwhile, the S&P BSE Sensex was up 46.19 points or 0.17% at 26,699.79.

On BSE, so far 62 shares were traded in the counter as against average daily volume of 556 shares in the past one quarter. The stock hit a high of Rs 3,430 and a low of Rs 3,265 so far during the day. The stock had hit a record high of Rs 3,905 on 5 January 2016. The stock had hit a record low of Rs 2,670 on 29 February 2016. The stock had underperformed the market over the past one month till 27 May 2016, falling 0.98% compared with Sensex's 2.26% gains. The scrip had, however, outperformed the market in past one quarter, gaining 19.22% as against Sensex's 15.11% gains.

 

The mid-cap company has equity capital of Rs 5.05 crore. Face value per share is Rs 10.

Lux Industries' net profit rose 26.7% to Rs 15.44 crore on 6.9% decline in net sales to Rs 269.73 crore in Q4 March 2016 over Q4 March 2015.

Lux Industries makes innerwear under the Lux brand.

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First Published: May 30 2016 | 11:59 AM IST

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