 "Festival demand, good monsoon put car sales in full throttle")
Lumax Industries gained 11% to Rs 1,180, also its record high on the BSE, after the auto ancillary company announced capital expenditure (capex) plan of upto Rs 100 crore.
“The board has approved a capital expenditure plan upto Rs 100 crore (rounded off) to be done over a period of 12 months for expanding existing manufacturing facilities in Sanand and future expansion for supply of automotive lighting products to its customers,” Lumax Industries said in a statement.
The stock has strong run-up in past one month, appreciating 61% since December 26, as compared to 8% rise in the
“The board has approved a capital expenditure plan upto Rs 100 crore (rounded off) to be done over a period of 12 months for expanding existing manufacturing facilities in Sanand and future expansion for supply of automotive lighting products to its customers,” Lumax Industries said in a statement.
The stock has strong run-up in past one month, appreciating 61% since December 26, as compared to 8% rise in the
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