Profitability forecast lights up Lumax

Dalal Street Spikes

 The stock surged up on reports that the company has projected a 300 per cent rise in profitability in the auto-lighting business.

 Lumax manufactures a range of auto-lighting equipment, besides other components such as filters and rear-view mirrors.

 During the second quarter ended September 30, 2003, the company reported a net profit of Rs 1.95 crore compared with Rs 80 crore in the year-ago period.