Lumax Industries' Stock Reaches All-Time High, Outperforms Sensex in Auto Ancillary Industry
Lumax Industries, a smallcap company in the auto ancillary industry, has reached an all-time high in its stock price on June 20, 2024. Despite being just 3.77% away from its 52-week high, the company's stock is in line with the sector and trading above its moving averages. With a 40.82% growth in the past year, Lumax Industries shows potential for growth in the industry.
Lumax Industries, a smallcap company in the auto ancillary industry, has recently reached an all-time high in its stock price on June 20, 2024. This comes after the company's stock call was given a 'Hold' rating by MarketsMOJO.
Despite being just 3.77% away from its 52-week high of Rs 2969.8, Lumax Industries' performance today is in line with the sector. The company's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.
In the past year, Lumax Industries has outperformed the Sensex with a 40.82% growth compared to the Sensex's 21.95% growth. This showcases the company's strong performance and potential for growth in the auto ancillary industry.
Lumax Industries is a smallcap company, but its recent stock price performance and positive ratings from MarketsMOJO make it a promising player in the industry. With its consistent growth and strong performance, Lumax Industries is definitely a company to keep an eye on in the auto ancillary sector.
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