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11-Oct2017

Lumax Industries spurts on Ashish Kacholia buying stake in the company

Lumax Industries is currently trading at Rs. 1516.55, up by 56.05 points or 3.84% from its previous closing of Rs. 1460.50 on the BSE.

The scrip opened at Rs. 1500.00 and has touched a high and low of Rs. 1575.00 and Rs. 1488.15 respectively. So far 5848 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1609.90 on 13-Jun-2017 and a 52 week low of Rs. 685.05 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1575.00 and Rs. 1262.30 respectively. The current market cap of the company is Rs. 1397.53 crore.

The promoters holding in the company stood at 73.53%, while institutions and non-institutions held 3.87% and 22.59% respectively.

Ashish Ramchandra Kacholia has bought over half a percent stake in Lumax Industries through open market. The investor has purchased 62,837 equity shares representing 0.67% stake in Lumax Industries at price of Rs 1,395.36 per share.

Ashish Kacholia holds more than 1% stake in a dozen of companies which includes KEI Industries, Parag Milk Foods, DFM Foods, GHCL, NOCIL, Aptech and Ashiana Housing.

Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality Head Lamps and Tail Lamps, Sundry and Auxiliary Lamps and other related products.


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