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Lumax Industries gains on inaugurating its state-of-the-art design centre in Taiwan

23 May 2016 Evaluate

Lumax Industries is currently trading at Rs. 506.00, up by 4.40 points or 0.88% from its previous closing of Rs. 501.60 on the BSE.

The scrip opened at Rs. 495.00 and has touched a high and low of Rs. 520.00 and Rs. 495.00 respectively. So far 4,455 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 571.90 on 13-May-2016 and a 52 week low of Rs. 282.50 on 03-Jul-2015.

Last one week high and low of the scrip stood at Rs. 559.70 and Rs. 495.00 respectively. The current market cap of the company is Rs. 473.00 crore.

The promoters holding in the company stood at 73.57% while Institutions and Non-Institutions held 1.75% and 24.68% respectively.

Lumax Industries, the leader in Automotive Lighting and illumination products has made strategic business move in Taiwan and inaugurated its state-of-the-art design centre in Taiwan to strengthen its in-house design capabilities. The opening of the Design Centre is seen as a strategic step towards company’s self-reliance initiatives and making designing- cost competitive.

The new establishment is a testimony to the close ties between Lumax and its business partnerships with Taiwan that span some 36 years. Besides facilitating communication between Taiwanese companies and the Indian headquarters, the well calculated move will serve as Lumax’s springboard for doing business in Japan, South Korea and mainland China in future.

The Design Centre-Taiwan will fulfill ever-evolving market needs for innovative lighting solutions and reduce the development time for technologically advanced products. It will also be an interface with key markets of automotive lighting tool makers including China and Korea and Program Management Team of Lumax. In line with company’s ongoing business strategy, it has already established a Design Studio and a New Technology Group at its Chakan Plant in Pune, Maharastra, which has become operational successfully.


Lumax Industries Share Price

5506.90 -4.70 (-0.09%)
21-Apr-2026 16:59 View Price Chart
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