Lumax Auto Technologies Hits New 52-Week High of Rs. 1284.75
Lumax Auto Technologies has achieved a new 52-week high of Rs. 1284.75, reflecting strong performance in the auto components sector. The stock has shown significant gains over the past two days and has outperformed the broader market, demonstrating resilience amid overall market challenges.
Lumax Auto Technologies has reached a significant milestone by hitting a new 52-week high of Rs. 1284.75 today, marking a notable achievement for the small-cap company in the auto components and equipment industry. This new high reflects a robust performance, as the stock has outperformed its sector by 7.69% and has shown a remarkable increase of 15.57% over the last two days.Today's trading session saw Lumax Auto Technologies experience high volatility, with an intraday volatility of 5.33%. The stock also touched an intraday high of Rs. 1284.75, representing a 9.02% increase for the day. Furthermore, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
In contrast, the broader market is facing challenges, with the Sensex trading down by 0.35% after opening lower. Despite this, Lumax Auto Technologies has demonstrated resilience, with a remarkable one-year performance of 123.85%, significantly outpacing the Sensex, which has seen a decline of 3.65%. The stock's previous 52-week low was Rs. 452.55, highlighting its impressive recovery and growth trajectory.
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