Lumax Industries is currently trading at Rs. 506.00, up by 4.40 points or 0.88% from its previous closing of Rs. 501.60 on the BSE.
The scrip opened at Rs. 495.00 and has touched a high and low of Rs. 520.00 and Rs. 495.00 respectively. So far 4,455 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 571.90 on 13-May-2016 and a 52 week low of Rs. 282.50 on 03-Jul-2015.
Last one week high and low of the scrip stood at Rs. 559.70 and Rs. 495.00 respectively. The current market cap of the company is Rs. 473.00 crore.
The promoters holding in the company stood at 73.57% while Institutions and Non-Institutions held 1.75% and 24.68% respectively.
Lumax Industries, the leader in Automotive Lighting and illumination products has made strategic business move in Taiwan and inaugurated its state-of-the-art design centre in Taiwan to strengthen its in-house design capabilities. The opening of the Design Centre is seen as a strategic step towards company’s self-reliance initiatives and making designing- cost competitive.
The new establishment is a testimony to the close ties between Lumax and its business partnerships with Taiwan that span some 36 years. Besides facilitating communication between Taiwanese companies and the Indian headquarters, the well calculated move will serve as Lumax’s springboard for doing business in Japan, South Korea and mainland China in future.
The Design Centre-Taiwan will fulfill ever-evolving market needs for innovative lighting solutions and reduce the development time for technologically advanced products. It will also be an interface with key markets of automotive lighting tool makers including China and Korea and Program Management Team of Lumax. In line with company’s ongoing business strategy, it has already established a Design Studio and a New Technology Group at its Chakan Plant in Pune, Maharastra, which has become operational successfully.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 157.10 |
| TVS Holdings | 10759.50 |
| Bosch | 34086.40 |
| UNO Minda | 1030.65 |
| Endurance Tech | 2169.35 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
