New Delhi, Feb. 11 -- Continuing its unwavering rally, shares of Lumax Industries, the flagship company of the DK Jain Group, climbed another 8% in intraday trade on Wednesday, February 11, hitting an all-time high of Rs.6,618 apiece.
Today's rally came after the stock was locked in the 20% upper circuit in the previous session as investors cheered the company's December quarter numbers, pushing the two-day cumulative gain to 29.5%. The rally also contributed to a 34% rise in Lumax Industries shares in February so far.
The auto ancillary company on Monday, post-market hours, reported a robust quarterly performance, with consolidated revenues growing by 18.7% year-on-year (YoY) to Rs.1,053 crore, marking its highest-ever quarterly revenu...
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