Lumax Auto Technologies is currently trading at Rs. 165.60, up by 1.60 points or 0.98% from its previous closing of Rs. 164.00 on the BSE.
The scrip opened at Rs. 164.00 and has touched a high and low of Rs. 165.65 and Rs. 164.00 respectively. So far 186 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 183.00 on 02-Nov-2011 and a 52 week low of Rs. 132.00 on 21-Dec-2011.
Last one week high and low of the scrip stood at Rs. 169.50 and Rs. 162.50 respectively. The current market cap of the company is Rs. 224.24 crore.
The promoters holding in the company stood at 51.44% while Institutions and Non-Institutions held 20.02% and 28.53% respectively.
Lumax Auto Technologies has secured business from Honda Motorcycle & Scooters India (HMSI), the leader in the scooter segment in India for supply of plastic moulded parts for various models to be manufactured at their third Facility in Bangalore including Activa Scooter (110 cc), Dream Yuga motorcycle (110 cc) launched by HMSI.
The company will be setting up dedicated manufacturing facilities for supply under this arrangement for HMSI with an estimated project cost of Rs 80 crore, majority of which will be funded through internal accruals. The plant is expected to be operational by Q1 of FY 2013-14.
HMSI, leader in the scooter segment in India, enjoys 45% market share in the segment with its Activa, Dio and Aviator Scooters, therefore the company expects that this opportunity will generate good business and profitability in future, since KMSI is adding 1.2 mn unit capacity in Bangalore. Thus India will become the biggest market for Honda’s two wheeler business by 2015 and would account for 30% market share of its overall global market.
Lumax Tech enjoys strong position in Automotive Components sector. The company is a Tier I manufacturer of Automotive Lightings in most of the contracts, Sheet Metal Parts, Gear Shifters, Moulded Parts, Seat Frames, Leveler Device, Air Intake System & Intake Ducts primarily for 2-wheeler, 3-wheeler and 4-wheeler applications.
| 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
