Lumax Industries Ltd. News and Updates

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

Keep track of all breaking news on Lumax Industries Ltd. from all sources in a single place.

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Lumax Industries Ltd.

17 Aug 2020

2356.00

1.42%

Lumax Inds

Buy: Lumax Industries Ltd.

Target

Dolat Capital

Given the leadership in the Automotive lighting business, strong relationships with OEMs (MSIL, HMSI & HML) LIL is a good bet to play on recovery in PV & 2W. Although Q1FY21 was a complete washed out, recovery from July onwards is encouraging with production levels having reached 80% of normal levels. Further the company is focused on cost rationalization and preserving cash to help the company tide over the disruption caused by COVID-19. We continue to believe that the long term story for Lumax is intact,...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

03 Aug 2020

2356.00

1.42%

Buy Lumax Industries; target of Rs 1513: CD Equisearch

Moneycontrol

CD Equisearch is bullish on Lumax Industries recommended buy rating on the stock with a target price of Rs 1513 in its research report dated July 29, 2020.

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

29 Jul 2020

2356.00

1.42%

Lumax Industries Ltd

Buy: Lumax Industries Ltd.

Target

CD Equisearch

Buffeted by the slowdown in the Indian automobile industry, reported almost 10.5% drop in revenues in Q4FY20 to Rs. 387.29 cr in comparison to Rs. 432.65 cr in the same period a year ago volume decline accounted for a majority of this fall. OPM's consequently shrunk to its lowest levels during the year, yet higher...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

10 Jul 2020

2356.00

1.42%

Auto light makers to dazzle in future

Moneycontrol

Lumax Industries and Fiem Industries, the end-to-end lighting solution providers for automobiles, posted an in-line set of numbers in Q4 FY20

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

26 Jun 2020

2356.00

1.42%

Result Update:Lumax Industries

Hold: Lumax Industries Ltd.

Recommendation Target

Axis Direct

Lumax Industries' Q4FY20 performance was ahead of estimates with revenue declining by 11% YoY to Rs391 cr v/s est. of 19% fall. This was ahead of the decline of its largest customers MSIL and HMSI. EBITDA margin came in at 9.7% in-line with our estimate

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

25 Jun 2020

2356.00

1.42%

EARNINGS UPDATE- LUMAX INDUSTRIES 4QFY20

Buy: Lumax Industries Ltd.

Target

Chola Wealth Direct

Background: Lumax Industries, part of DK Jain group, is the largest automotive lighting company in India. It manufactures Head lamps, Tail lamps, Sundry & Auxiliary lamps. Lumax has technological & financial collaboration with Stanley Electric of Japan. Stanley holds 37.5% in Lumax Industries and is its largest shareholder. Lumax provides high quality automotive lighting solutions for four wheelers, two wheelers, CVs & Tractor s. It has 27 manufacturing...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

24 Jun 2020

2356.00

1.42%

Lumax Industries - Company Update - Margin expansion continues amidst auto slowdown

Buy: Lumax Industries Ltd.

Target

Monarch Networth Capital Limited

We remain convinced of Lumax Industries (LMXI) strong client portfolio and cost rationalisation efforts and hence maintain a BUY with a TP of Rs1,397. In the current uncertain climate, LMXI is focussed on conserving cash and being prudent with CAPEX. Currently, LMXI has Rs1.5bn worth of unutilised credit lines and thus faces no immediate liquidity challenge. We stand by our existing conviction that greater LED penetration and higher local content will aid LMXI's margin profile and new products with Stanley will help diversify revenue streams. LED revenue share intact while margin expansion continued: LMXI's top line...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

24 Jun 2020

2356.00

1.42%

Lumax Industries Ltd - Result Update Q4FY20

Buy: Lumax Industries Ltd.

Target

Edelweiss

Lumax Inds (Lumax) exceeded our topline expectation by ~4% to clock INR 387 cr for the quarter.

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

06 May 2020

2356.00

1.42%

Event Update:Lumax Inds.

Sell: Lumax Industries Ltd.

Recommendation Target

Axis Direct

COVID19 IMPACT: LEDIFICATION TO GET DELAYEDFURTHER

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

22 Mar 2020

2356.00

1.42%

COVID-19: Lumax Ind to suspend manufacturing operations

Business Line

Auto components manufacturer Lumax Industries has decided either to temporarily close or is in the process of closing its manufacturing facilities acr

Lumax Industries Ltd. is trading below all available SMAs

Is Lumax Industries Ltd. worth buying?

42 Votes:

Buy 85.71%

Sell 9.52%

Hold 4.76%