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Lumax Industries rises on commencing commercial production at Gujarat unit

10 Jan 2018 Evaluate

Lumax Industries is currently trading at Rs. 2155.55, up by 31.60 points or 1.49% from its previous closing of Rs. 2123.95 on the BSE.

The scrip opened at Rs. 2109.30 and has touched a high and low of Rs. 2219.00 and Rs. 2060.00 respectively. So far 1917 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2241.00 on 08-Dec-2017 and a 52 week low of Rs. 874.70 on 10-Jan-2017.

Last one week high and low of the scrip stood at Rs. 2219.00 and Rs. 2060.00 respectively. The current market cap of the company is Rs. 2059.54 crore.

The promoters holding in the company stood at 73.53%, while Institutions and Non-Institutions held 2.32% and 24.14% respectively.

Lumax Industries has commenced commercial production at its newly setup unit situated at Vendors Park, Sanand, Gujarat on January 10, 2018. The unit has been set-up to manufacture and supply new age headlamps and rear lamps to its esteemed customer Suzuki Motors, Gujarat.

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.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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