External broker reports(aggregated public sources), Sharekhan

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External broker reports(aggregated public sources)

Equity Bottom-Up

Lumax Auto Technologies / Equity Bottom-Up

<ul><li>Acquisition of Greenfuel marks LATL’s foray into alternative fuel segment; acquisition is EPS accretive.</li><li>The strategic move positions Lumax to capitalize on the anticipated growth of the CNG vehicle market in India.</li><li>Outlook We maintain a Buy rating on the stock with a revised price target (PT) of Rs.</li></ul><p><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></p>

Acquisition of Greenfuel marks LATL’s foray into alternative fuel segment; acquisition is EPS accretive.The strategic move positions Lumax to capitalize on the anticipated growth of the CNG vehicle market in India.Outlook We maintain a Buy rating on the stock with a revised price target (PT) of Rs.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 Auto Technologies Ltd - Enhancing Value Inorganically