At ₹1,678.60 per share, this stock is a good bet on the cyclical upturn in the domestic auto industry

Lumax Industries: Why you should buy this stock

Lumax Industries consolidated net profit rises 335.69% in the December 2022 quarter

#LumaxIndustries is set to build a new greenfield project in Pune with capital outlay of Rs 175 crore for Phase 1. 

Joint MD Anmol Jain talks about the company's plans to utilise and fund this plant. #BQLive  

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Lumax Industries' Joint MD On Its Greenfield Expansion | BQ Prime

The stock gained as much as 5.55% intraday.

Lumax Industries Shares Gain On New Greenfield Project

Lumax Industries rose 2.46% to Rs 1,975.05 after the company said that its board will meet on Wednesday, 7 December 2022, to consider and approve the proposal for setting up a new manufacturing unit in Chakan, Pune and funding options.

Lumax Inds hits 52-week high as board to consider setting up unit in Chakan

Consequently, Lumax Industries Czech s.r.o became a wholly-owned subsidiary (WOS) of the company.

Lumax Industries acquires 100% stake in Czech Republic-based ‘Damberty Real’; stock soars ~3%

Investors interested in dividend stocks market should pay close attention to the shares of Pressman Advertising, Jubilant FoodWorks, Sundaram Finance, Onward Technologies, Titan Company Limited, Lumax Auto Technologies Limited, and Lumax Industries Limited as they will go ex-dividend tomorrow.

7 stocks to turn ex-dividend tomorrow: Check if you own any

Lumax Industries - Strong Revenue Growth; Margins To Inch Up: HDFC Securities

Lumax Industries surged 14.92% to Rs 1035 after the company’s consolidated net profit rose 49.74% to Rs 33.99 crore on 8.92% rise in net sales to Rs 549.37 crore in Q4 March 2022 over Q4 March 2021.

Lumax Inds spurts after Q4 PAT climbs 49% YoY to Rs 34 cr

Lumax Industries consolidated net profit rises 25.64% in the March 2022 quarter

Lumax Industries Ltd has filed a suit in Delhi High Court seeking to restrain Hindustan Auto Industries Ltd in relation to a dispute on purported trademark infringement and device marks.

Lumax Industries moves Delhi HC over trademark infringement dispute

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Lumax Industries Limited is engaged in the business of manufacture of various types of automotive lighting equipment.