Lumax Auto Technologies is currently trading at Rs. 107.05, up by 5.10 points or 5.00% from its previous closing of Rs. 101.95 on the BSE.
The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 109.55 and Rs. 105.00 respectively. So far 3161 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 164.95 on 06-Mar-2019 and a 52 week low of Rs. 72.70 on 05-Aug-2019.
Last one week high and low of the scrip stood at Rs. 113.00 and Rs. 101.05 respectively. The current market cap of the company is Rs. 729.29 crore.
The promoters holding in the company stood at 55.88%, while Institutions and Non-Institutions held 23.23% and 20.89% respectively.
Lumax Auto Technologies has received approval for acquisition of roto moulded plastic Auto Component Business of OK Play Group. OK Play Group comprises of OK Play India and its wholly owned subsidiary viz. OK Play Auto. The Board of Directors of the Company at their meeting held on February 24, 2020 has approved the same.
The acquisition will provide Lumax Auto Technologies access to latest roto molding technologies and will enable the company to exploit fast-emerging growth opportunities in the automotive roto moulded plastic fuel tanks market for commercial vehicles, tractors and off-road vehicles in view of changing regulatory environment.
Lumax Auto Technologies has carved its strong position in automotive parts like sheet metal parts, fabricated assemblies, tubular parts, for two wheeler and three wheeler industry. They operate in two segments, namely Automotive Parts and Trading of Motor Adjusters.
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