4369.9000 100.10 (2.34%)
NSE Sep 19, 2025 15:52 PM
Volume: 18,377
 

4369.90
2.34%
Monarch Networth Capital Limited
We remain convinced of Lumax Industries (LMXI) strong entry segment market leading client portfolio and a gradual increase in annual LED revenue share. What provides us additional confidence is that in the current uncertain climate, LMXI has a low D/E of 0.15x and is being prudent with its CAPEX planning. 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. We maintain a BUY with a TP of Rs1,650. LED revenue share slips due to HMSI: LMXI's top line declined by 80.6% to...
Lumax Industries Ltd. is trading above all available SMAs
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