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Lux Inds jumps on stock split proposal

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Capital Market
Last Updated : Apr 13 2016 | 11:13 AM IST

Lux Industries spurted 12.91% to Rs 3,390 at 10:28 IST on BSE after the company said that a meeting of its board of directors will be held on 12 April 2016, to consider stock-split.

The announcement was made after market hours yesterday, 15 March 2016.

Meanwhile, the S&P BSE Sensex was down 88.95 points or 0.36% at 24,462.22.

On BSE, so far 1,729 shares were traded in the counter as against average daily volume of 1,530 shares in the past two weeks. The stock hit a high of Rs 3,427 and a low of Rs 3,143 so far during the day. The stock had hit a record high of Rs 3,905 on 5 January 2016. The stock had hit a record low of Rs 2,670 on 29 February 2016.

The small-cap company has equity capital of Rs 5.05 crore. Face value per share is Rs 10.

Lux Industries' net profit rose 60.4% to Rs 14.23 crore on 20.4% growth in net sales to Rs 247.07 crore in Q3 December 2015 over Q3 December 2014.

Lux Industries makes innerwear under the Lux brand.

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First Published: Mar 16 2016 | 10:26 AM IST

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