Hot Pursuit     23-Jan-18
Lux Inds inches up after Kotak AMC purchases shares
Lux Industries advanced 0.63% to Rs 1,540 at 9:58 IST on BSE after Kotak Mahindra Asset Management Company bought shares of the company yesterday, 22 January 2018.

Meanwhile, the S&P BSE Sensex was up 247.57 points or 0.69% at 36,045.58. The S&P BSE Mid-Cap index advanced 0.85%, outperforming the Sensex.

On the BSE, 88 shares were traded on the counter so far as against average daily volumes of 7,387 shares in the past one quarter. The stock had hit a high of Rs 1,562.15 and a low of Rs 1,538 so far during the day. The stock had hit a record high of Rs 1,570.50 yesterday, 22 January 2018 and a 52-week low of Rs 649.95 on 21 March 2017.

The mid-cap company has equity capital of Rs 5.05 crore. Face value per share is Rs 2.

Venerable Advertising sold 1.34 lakh shares of Lux Industries at Rs 1,521.84 per share in a bulk deal on the NSE yesterday, 22 January 2018. Kotak Mahindra Asset Management Co bought 1.68 lakh shares at Rs 1,525.20 apiece. Venerable Advertising held 1.75% stake end December 2017.

Lux Industries' net profit rose 31.2% to Rs 18.46 crore on 28.1% growth in net sales to Rs 295.90 crore in Q3 December 2017 over Q3 December 2016.

Lux Industries makes various kinds of hosiery products for men, women and children.

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