Published on 11/10/2017 1:21:46 PM | Source: Dion Global Solutions Ltd

Lumax Industries soars nearly 8% as Ashish Kacholia buys stake

Posted in Stock On The Move | #Stock On The Move #Auto Ancillaries Sector #Lumax Industries Ltd


Shares of Lumax Industries continued gaining momentum on Wednesday and jumped nearly 8 per cent on the Bombay Stock Exchange after ace investor Ashish Kacholia purchased 0.67 per cent stake in the company through open market transaction. Extending previous session rally, shares of the company gained as much as 7.83 per cent to trade at intra-day high of Rs 1575.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 4.40 per cent higher at Rs 1,514.0 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,050.32, up 125.91 points, or 0.39 per cent, at 12:40 hours.