Lumax Industries share price slipped 7.92 per cent to Rs 687.50 at 12:50 hours on NSE after consolidated net profit rose 0.3 per cent to Rs 13.31 crores on 4.1 per cent decline in net sales to Rs 302.24 crores in Q1 June 2016 over the Q1 June 2015. The result was announced after market hours on 8th August 2016.
Meanwhile, the benchmark index of NSE is also trading in the red zone. Nifty share price is currently trading at 8652.30, down by 0.69 per cent or 60 points.
On NSE, so far 45,728 shares were traded in the counter as against average daily volume of 29,740 (20 days average). Lumax Industries share price hit a high of Rs 726.00 and a low of Rs 681.00 so far during the day. Lumax Industries is a Dynamic Levels recommended as Multibagger stock.
The stock had hit a 52-week low of Rs 352.60 on 12th February 2016. The stock had hit a record high of Rs 812.80 on 1st August 2016. The stock had outperformed the market over the past one month till 8 August 2016, advancing 6.54 per cent. The scrip had also outperformed the market in past one quarter, surging 68.36 per cent.
This small-cap company has equity capital of Rs 9.35 crore. The face value per share is Rs 10.
Lumax Industries offers very a wide array of complete automobile lighting systems as well as solutions, which includes; stellar quality head lamps along with 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.
No comments:
Post a Comment