Lumax Auto Technologies Ltd
LUMAXTECH

435.90

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

437.40

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Accumulate
Reco. Price
Rs 443.80
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 FY17E P/E of 10.9x (Target price: Rs 463.8)
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50 DMA (.)
440.83
100 DMA (.)
455.02
200 DMA (.)
411.70
Weekly Range (.)
424.10
451.70
Monthly Range (.)
424.10
483.00
52 Weeks Range (.)
265.20
559.00
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