Lumax Ind hits 1-yr high on capital expenditure plan approval

Moneycontrol BureauShares of Lumax Industries touched 52-week high of Rs 1,180, surges 10.5 percent intraday Friday on approval of capital expenditure plan upto Rs 100 crore.The company at its meeting held on January 25 has approved a capital expenditure plan upto Rs 100 crore, for expanding existing manufacturing facilities in Sanand and future expansion for supply of automotive lighting products to its customers.The capital expenditure will be done over a period of 12 months.At 11:47 hrs Lumax Industries was quoting at Rs 1,155, up Rs 87.55, or 8.20 percent on the BSE.Posted by Rakesh Patil