Lumax Auto Technologies zooms on getting nod to invest in Power Pulse Trading Solutions
Lumax Auto Technologies is currently trading at Rs 1405.60, up by 207.40 points or 17.31% from its previous closing of Rs 1198.20 on the BSE.
The scrip opened at Rs 1281.85 and has touched a high and low of Rs 1425.85 and Rs 1275.50 respectively. So far 74817 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52-week high of Rs 1,425.85 on 29-Sep-2025 and a 52-week low of Rs 452.55 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 1425.85 and Rs 1129.35 respectively. The current market cap of the company is Rs 9493.01 crore.
The promoters holding in the company stood at 55.98%, while Institutions and Non-Institutions held 23.93% and 20.09% respectively.
Lumax Auto Technologies has received approval to invest up to Rs 0.93 crore to acquire up to 26% stake in the Equity Share Capital of Power Pulse Trading Solutions (PTSL), a Power Trading Arm of Adani Energy Solutions for being qualified as Captive User in terms of the provisions of Electricity Act, 2003 and Electricity Rules, 2005, for the renewable energy to be generated by the power plant of PTSL for Pant Nagar Plant of the company.
The company has also received approval for investment of an amount up to Rs 5 crore in the form of Optionally Convertible Redeemable Debentures (OCRDs) in Lumax Resources, a wholly owned subsidiary of the company, as recommended by the Audit Committee.
The Board of Directors of the company, at their meeting held on November 08, 2025, has approved the same.
Lumax Auto Technologies manufactures a wide range of automotive components. The company's products include drive transmission and steering components, body and chassis, and electrical components.
