India's Lumax Industries rises on nod for new facility

Lumax Industries

12/03/2024 09:10

** Shares of Lumax Industries  LUMA.NS  up 2.7% to 2,320
rupees 
    ** Automotive lighting solutions provider approves setting
up a manufacturing facility in Gujarat, to be commissioned by Q1
FY25
    ** Also approved expansion of Chakan Plant in Pune,
Maharashtra, to be commissioned by Q3 FY25
    ** Stock set to snap-four session losing streak
    ** However, stock is down ~6% YTD including session gains

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))