Espresso Shot of the Day - Lumax Auto Technologies Ltd up by 12.45 percent

EspressoLogy

Espresso Shot of the Day - Lumax Auto Technologies Ltd up by 12.45 percent

July 15, 2022
Espresso Shot of the Day - Lumax Auto Technologies Ltd up by 12.45 percent

LUMAX AUTO TECHNOLOGIES LTD  232.50 (+12.45%) BSE – INE872H01027| 15th  July 2022

https://www.myespresso.com/images/Binge-graph-image_Lumax-Auto-technology-ltd-202207151823441319473.jpg

Lumax Auto Technologies Limited set up its first plant - Maharashtra manufacturing lighting products for two-wheelers in 1981. Since then the Company has expanded organically and today manufactures a diversified range of products catering to two, three and four-wheeler segments along with its Subsidiaries and Associates. Known as one of the few integrated auto component manufacturers in India, possessing robust R&D capabilities, technological prowess, design skills and manufacturing abilities, it is the sole domestic company with the competency to manufacture and supply gear levers for electric cars.


Recent Drivers

  • On May 19, 2022, Lumax Auto Technologies reported Net Sales at Rs 303.80 crores in March 2022.
  • On May 19th 2022,Lumax Auto Technologies reported a Quarterly Net Profit of Rs. 14.23 crores in March 2022
  • On May 12th 2022, the company recommended of Final Dividend of INR. 3.50/- per Equity Share (175 %) of the Face Value of INR. 2/-for the Financial Year 2021-22 subject to the approval of Shareholders at the ensuing Annual General Meeting of the Company.
(Sources: BSE, Money control)


Technical Force*

  • S&P BSE 200 month till date gain by 4.01%
  • 3 months avg. NSE volume: 137,488
  • Quantity traded: 63,424| Deliverable Quantity: 20,153 (31.78 %)
  • The stock price jumped by 60 % from a one-year low level of 128.10 (November12th, 2021)
  • Daily RSI (14) is near overbought territory today
  • 52-week-high: 235.00 | 52-week-low: 128.10



Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

244.10

212.75

184.40

153.05

124.70

93.35

65.00

55.81

Fibonacci Pivot

212.75

189.44

175.86

166.78

153.05

139.32

130.24

116.16

93.35


Today’s Close

232.50

SMA

BSE

10 DAY

204.33

20 DAY

185.93

50 DAY

173.36

200 DAY

165.93


Some Key Ratios (Source: BSE)

Market Cap: 1,584.67Crores

PE:  24.04

OPM%: 8.99

ROE%:  11.96

Promoters holding%: 55.98

Prev. Close:  206.75

https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.