Lumax Industries Ltd. News and Updates

Name: Latest research reports of Lumax Industries Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Lumax Industries Ltd.
Rating: 5
Author: HDFC Securities

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Lumax Industries Ltd.

04 Jun 2016

2592.90

0.60%

Pick of the Week - Lumax Industries Ltd

Buy: Lumax Industries Ltd.

HDFC Securities

Buy Lumax Industries Ltd CMP at Rs. 525.95 and add on dips to Rs.465-485 for sequential targets of Rs. 640 & Rs. 778 in 2-3 quarters

Lumax Industries Ltd. has gained 11.36% in the last 1 Week

Lumax Industries Ltd.

23 May 2016

2592.90

0.60%

Lumax Industries opens design centre in Taiwan

Business Line

Lumax Industries, a company into automotive lighting and illumination products, has opened a design centre in Taiwan. The centre was inaugurated by Group Chairman D.K. Jain. Besides facilitating co...

Lumax Industries Ltd.'s price crossed above 200Day SMA today

Lumax Ind opens design centre in Taiwan

Business Line | 23 May 2016

Lumax Industries Ltd.

20 May 2016

2592.90

0.60%

EARNINGS UPDATE - LUMAX

Buy: Lumax Industries Ltd.

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Chola Wealth Direct

Background: Lumax Industries Ltd, incorporated in 1945 was set up in Delhi by S.C. Jain as a trading company under the name Globe Auto Industries. In 1956, Lumax setup manufacturing units for automotive lighting equipment and other components. In 1984, Lumax embarked on collaboration with Stanley Electric Co. Ltd., Japan and converted itself from private limited to public limited company. Company derives ~48% of sales from PV segment, 31% of sales from 2Ws, 7% from CVs and 13% from...

Lumax Industries Ltd. has gained 11.36% in the last 1 Week

Lumax Industries Ltd.

17 Feb 2016

2592.90

0.60%

EARNINGS UPDATE - LUMAX IND

Buy: Lumax Industries Ltd.

Chola Wealth Direct

Background: Lumax Industries Ltd (Lumax), incorporated in 1945 was set up in Delhi by S.C. Jain as a trading company under the name Globe Auto Industries. In 1956, Lumax setup manufacturing units for automotive lighting equipment and other components. In 1984, Lumax embarked on collaboration with Stanley Electric Co. Ltd., Japan and converted itself from private limited to public limited company. Company derives ~48% of sales from PV segment, 31% of sales from 2Ws, 7% from CVs and 13% from...

Lumax Industries Ltd. has gained 11.36% in the last 1 Week

Lumax Industries Ltd.

11 Jan 2016

2592.90

0.60%

Lumax Industries: Glowing prospects

Business Line

The company is riding the revival in auto sales

Lumax Industries Ltd. is trading at high day volume of 7360.00000.

Lumax Industries Ltd.

11 Dec 2015

2592.90

0.60%

LUMAX IND - INITIATING COVERAGE

Buy: Lumax Industries Ltd.

Chola Wealth Direct

Lumax to be a key beneficiary of demand revival in PV segment Company operates in the niche segment of auto ancillary industry and features amongst India's top Auto lamp manufacturers having 55-60% market share in passenger vehicle segment. Close to 48% of its revenue is from PV segment. Passenger cars and UVs volumes grew by 3.9% in FY15 and set to witness a faster growth of 10.3% CAGR over FY15-FY18E on back of improvement in economic activity, low inflation level and interest rates, increased affordability, improved penetration from rural and Semi urban areas, and easing commodity prices. According to Confederation of Indian Industry (CII), the Indian auto ancillary industry is set to become the third largest in the world by 2025. Indian auto...