/ Lux Industries Soars Over 10% After Reliance MF Buys Its Shares ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 14 June 2017

Lux Industries on Wednesday surged 10.12% to Rs 992.55 per share at 1106 hours IST on BSE. The stock hit a high of Rs 1,004 and a low of 930 so far during the day.

It was reported by a leading news agency that Reliance Mutual Fund has bought 4.44 lakh shares or 1.76% stake of Lux Industries for Rs 900.4 each. On the other hand, Valuead Securities Pvt. Ltd. has sold its entire 2.23% stake or 5.62 lakh shares for Rs 901.64 each

The stock has delivered more than 60% returns over a period of one year. It has outperformed BSE 500 and underperformed BSE Small-cap over the same period. Its peers include Kewal Kiran Clothing and Rupa & Company.

Lux Industries Limited is engaged in the manufacture and sale of knitted apparel, including hosiery.

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