Lumax Auto Technologies is currently buying and selling at Rs. 141.10, up with the aid of five.Fifty five points or 4.09% from its previous last of Rs. 135.Fifty five at the BSE.

The scrip opened at Rs. 141.00 and has touched a high and coffee of Rs. 142.50 and Rs. 136.10 respectively. So far 2311 shares were traded on the counter.

The BSE organization ‘B’ inventory of face cost Rs. 2 has touched a fifty two week high of Rs. 224.10 on 16-Aug-2018 and a 52 week low of Rs. 127.00 on 28-Jun-2018.

Last one week excessive and coffee of the scrip stood at Rs. 142.50 and Rs. 133.00 respectively. The present day marketplace cap of the enterprise is Rs. 923.88 crore.

The promoters maintaining in the enterprise stood at fifty five.64%, whilst Institutions and Non-Institutions held 23.33% and 21.03% respectively.

Lumax Auto Technologies has entered into Joint Venture (JV) with JOPP, Germany to fabricate and supply transmission products to the Indian automotive enterprise. Under the JV, both the companions will keep an same 50% proportion inside the new entity to be named ‘Lumax JOPP Allied Technologies’.

While JOPP will convey the world class generation for its merchandise to JV, Lumax will offer its 7 many years’ wealthy experience in the direction of management of the JV in India. Focus of JV is closer to self-reliance in era & establish a state of artwork Research and improvement (R&D) centre in India together with production operations.