Lumax Auto Technologies Ltd
LUMAXTECH

434.00

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

434.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 424.00

Last updated on 30-Aug-2016

We recommend ACCUMULATE as we expect revival in rural demand to drive growth in Two-Wheeler Segment by 9-10% in FY17E. Strong volume growth is expected to improve margins by 100bps in FY17E. However, we see limited upside as the stock is trading at 2017E P/E of 10.4x & EV/EBITDA of 7.8x. (Tar .. More
50 DMA (.)
409.33
100 DMA (.)
368.38
200 DMA (.)
349.26
Weekly Range (.)
410.00
481.40
Monthly Range (.)
410.00
481.40
52 Weeks Range (.)
238.75
481.40
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