India's Lumax Auto hits record high after Q1 profit surge
BUZZ-India's Lumax Auto hits record high after Q1 profit surge ** Shares of Lumax Auto Technologies LUAT.NS jump 9.6% to an all-time high of 1,902.2 rupees
** Automotive components maker's Q1 PAT (before minority interest) jumps 83% Y/Y; rev up 33%
** Co says operational efficiencies, cost optimisation and favourable product mix supported earnings
** Over 355,000 shares traded; 2.6x the 30-day avg
** Stock up 16% YTD
(Reporting by Aleef Jahan in Bengaluru)
Recent news on Lumax Auto Technologies
See all newsIndia's Lumax Auto hits record high after Q1 profit surge
Brief: Lumax Auto Technologies Board Approves Setting Up Of A New Manufacturing Plant Of Intelligent Ambient Comfort (Iac) Division
Brief: Lumax Auto Technologies Approves Sale Of Entire 50% Stake In Lumax Jopp Allied Technologies To Jopp Holding GmbH
Brief: Lumax Auto Technologies Ltd Dec-Quarter Consol Net Profit 824.7 Million Rupees
Brief: Lumax Auto Technologies Says NCLT Sanctions Scheme Between Greenfuel Energy Solutions, Lumax Resources