Lux Industries: PAT increased by 32%; Buy

AUM CAPITAL | March 26, 2019, 8:48 a.m.

Recommendation

LUX has been continuously working on improving financial & operational efficiencies and enriched its product mix to maximize realizations. LUX’s superior manufacturing technology, increasing brand consciousness and economies of scale would strengthen its growth. Its online presence through e-commerce websites would enhance access and image. Moreover its continuous expansion and development towards product line and brand upgradation would create more demand. Hence, we recommend a BUY on the stock with a Target Price of Rs. 1,580, appreciation of 21% from the current level with the medium to long term investment horizon.



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