India's Lumax AutoTech gains on Q2 profit surge

Lumax Auto Technologies

14/11/2024 05:32

** Lumax AutoTechnologies  LUAT.NS  rises 6.5%, snapping
five session of declines
    ** Auto parts maker posts ~57% surge in Q2 consol net profit
to 428.8 mln rupees ($5 mln); rev from ops up 20% y/y
    ** Co aided by boost in selling opportunities among existing
customers and addition of new customer
    ** More than 293,000 shares traded, 3.7x the 30-day avg
    ** Stock up 33% YTD

($1 = 84.4010 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))