Lumax Auto Technologies Ltd
LUMAXTECH

525.05

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

525.00

Open ()
Turnover (lac)
Prev. Close ()
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Accumulate
Reco. Price
Rs 501.00
We recommend ACCUMULATE as we expect revival in rural demand to drive growth in the two-wheeler segment by FY18E. It is also gaining momentum in value-added products which will drive topline growth. The stock is trading at P/E of 13.2x on FY18E earnings. (Target price- Rs.540)
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50 DMA (.)
464.73
100 DMA (.)
452.33
200 DMA (.)
439.68
Weekly Range (.)
504.55
535.00
Monthly Range (.)
457.05
535.00
52 Weeks Range (.)
296.00
559.00
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