Lumax Auto Technologies gains on getting nod to raise Rs 400 crore

Lumax Auto Technologies is currently trading at Rs. 233.00, up by 0.50 points or 0.22% from its previous closing of Rs. 232.50 on the BSE.

Lumax Auto Technologies
Lumax Auto TechnologiesLumax Auto Technologies 

The scrip opened at Rs. 239.90 and has touched a high and low of Rs. 239.90 and Rs. 228.40 respectively. So far 32170 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 263.50 on 01-Aug-2022 and a 52 week low of Rs. 128.10 on 11-Nov-2021.

Last one week high and low of the scrip stood at Rs. 263.50 and Rs. 226.00 respectively. The current market cap of the company is Rs. 1560.81 crore.

The promoters holding in the company stood at 55.98%, while Institutions and Non-Institutions held 25.21% and 18.81% respectively.

Lumax Auto Technologies has received an approval for raising of funds upto Rs 400 crore by way of issuance of Securities subject to requisite approvals from statutory, regulatory and other authorities as applicable. The Board of Directors of the Company in their Meeting held on August 06, 2022, has inter-alia, considered and approved the same.

Lumax Auto Technologies manufactures a wide range of automotive components. The company’s products include drive transmission and steering components, body and chassis, and electrical components.

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