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LUMA – Lumax Industries Ltd

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Recommendation Rating

1.5

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5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 19.32

Low: 14.86

High: 23.77

Total Analysts: 2

Company Profile

Lumax Industries Limited is an India-based company. The Company is engaged in the business of manufacturing, trading and supply of auto components, mainly automotive lighting systems for four-wheeler and two-wheeler vehicles. It offers a range of automobile lighting systems and solutions, comprising lighting solutions for front and rear (head lamps and tail lamps), sundry and auxiliary lamps, among other lighting-related products. It also makes accessories for four-wheelers, two and three-wheelers, trucks, buses, tractors, farm equipment, and for various other diverse applications. It is also engaged in the commercial production of automotive electronic components. The Company has approximately nine manufacturing plants in India. Of these, three are located in the cities of Gurgaon, Dharuhera and Bawal in Haryana, two in Pune, Maharashtra, two in Uttarakhand – Pantnagar, Haridwar, one in Sanand, Gujarat, and one located at Bidadi, Karnataka.

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