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>With the acquisition of a 60% stake in Greenfuel, LATL has marked its entry into the CNG segment.</li><li>LATL has been focussing on inorganic growth through acquisitions and partnerships in high-potential industries.</li><li>Outlook We maintain BUY with a revised 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>

With the acquisition of a 60% stake in Greenfuel, LATL has marked its entry into the CNG segment.LATL has been focussing on inorganic growth through acquisitions and partnerships in high-potential industries.Outlook We maintain BUY with a revised 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 - Entering in ‘Green’ with Greenfuel