Sector: Auto-ancillaries /Mid-Cap | Earnings Update 4QFY19 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 & Tractors. It has 27 manufacturing locations across India. LED is currently sourced from Stanley, Japan. The company is working to develop in house capabilities for PCB and LED through its design center....