Lumax industries has target of Rs 386.5: Tater

Lumax industries has target of Rs 386.5, says Aashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "Lumax industries is a very interesting bet. The foreign promoter is actually going to buy Indian promoters stake and this particular round of rumor has been going on for quite some time now. So if a company belongs to Stanley as a sole promoter, we think there would be PE expansion as well as there would be lot of momentum for the stock.