External broker reports(aggregated public sources), Chola Securities

Chola Wealth Direct

Chola Securities is a wealth management company offering investment solutions to individual clients and stock broking and equity advisory services to institutional investors

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Background: Lumax Industries, part of DK Jain group, is the largest automotive lighting company in India. It manufactures Head lamps, Tail lamps, Sundry &amp; Auxiliary lamps. Lumax has technological &amp; financial collaboration with Stanley Electric of Japan. Stanley holds 37.5% in Lumax Industries and is its largest shareholder. Lumax provides high quality automotive lighting solutions for four wheelers, two wheelers, CVs &amp; Tractors. It has 27 manufacturing locations across...</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Background: Lumax Industries, part of DK Jain group, is the largest automotive lighting company in India. It manufactures Head lamps, Tail lamps, Sundry &amp; Auxiliary lamps. Lumax has technological &amp; financial collaboration with Stanley Electric of Japan. Stanley holds 37.5% in Lumax Industries and is its largest shareholder. Lumax provides high quality automotive lighting solutions for four wheelers, two wheelers, CVs &amp; Tractors. It has 27 manufacturing locations across...Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Lumax Industries

EARNINGS UPDATE-LUMAX INDUSTRIES 4QFY21