The weakening of the Yen, especially to a 34-year low, can have significant impacts on various sectors in India, particularly the automotive industry
Of Rs 450 crore capex that Lumax Group is looking for, about Rs 150 crore would be for building electronic competency and Rs 150 crore for brownfield capacity building. The rest would be dedicated to some joint ventures, says Deepak Jain, Chairman and MD, Lumax Industries.
Lumax Industries is engaged in manufacturing and supplying of lighting solutions to automobiles. The company has multiple orders and also has an advantage due to BS-VI norms. Will Lumax industries be of interest to investors? Let's find out in this edition of Ideas For Profit.
The R&D centre will host experienced designers from Cornaglia as well as indigenous designers servicing the Indian domestic market, Lumax Auto said in a statement.
Ratan Tata backed Moglix today said it has raised Rs 28 crore from investors led by Accel Partners, Jungle Ventures and SeedPlus.
SPA Research is bullish on Lumax has recommended buy rating on the stock with a target price of Rs 623 in its research report dated February 23, 2016.
Lumax can test Rs 480, says Ashish Tater, Fort Share Broking.
Aashish Tater, Fort Share Broking is bullish on Atul Ltd, JBF Industries and Lumax. He feels these stocks can be multibaggers and provide good returns to the investors.