Lumax Industries was locked in 20% upper circuit at Rs 407.40 at 11:09 IST on BSE, after net profit surged 128.6% to Rs 11.36 crore on 15.6% rise in net sales to Rs 315.14 crore in Q1 June 2015 over Q1 June 2014.
The result was announced after market hours on Friday, 24 July 2015.
Meanwhile, the BSE Sensex was down 273.53 points, or 0.97%, to 27,838.78
On BSE, so far 14,985 shares were traded in the counter, compared with an average volume of 1,513 shares in the past one quarter.
The stock opened with an upward gap, surging by the maximum 20% daily circuit and remained locked at the 20% level at Rs 407.40 so far in the day. The stock hit a 52-week low of Rs 282.50 on 3 July 2015. The stock hit a 52-week high of Rs 477.90 on 1 December 2014.
The stock had outperformed the market over the past one month till 24 July 2015, rising 14.46% compared with Sensex's 1.38% rise. The scrip had also outperformed the market in past one quarter, gaining 3.7% as against Sensex's 2.46% gain.
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The small-cap company has an equity capital of Rs 9.35 crore. Face value per share is Rs 10.
Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a variety of diverse applications.
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