Lumax Industries Limited is a company that is engaged in the business of manufacturing, trading and supply of auto components, mainly automotive lighting systems for four-wheeler and two-wheeler vehicles. Synopsis While it might surprise many, the fact is that the majority of sales in the auto industry are financed through an auto loan. That is … Read more
Jamna Auto Industries Ltd, auto component and equipment makers, has given multibagger returns from Covid lows in the last two years and technical parameters suggest that the rally is not over yet. The stock rallied after hitting a low of Rs 21 on 24 March 2020. It closed at Rs 128 on 6 July 2022, … Read more
Indian market snapped its three-day losing streak on Monday supported by positive global cues. The S&P BSE Sensex rallied more than 300 points while Nifty50 closed above 15,800 levels. Sectorally, buying was seen in FMCG, banks, capital goods, and consumer durable stocks while selling pressure was seen in metals, energy, oil & gas and IT … Read more
New Delhi: The last week of June was a mixed bag for domestic equity markets as benchmark indices settled with marginal gains. Weak rupee, FII numbers, looming fear of recession and inflationary pressure continued to weigh on sentiments. However, strong auto sale numbers and decent GST collection in June lifted sentiments. Benchmark indices – BSE … Read more