Lumax Industries Hits 52-Week High, Outperforms Sector with Strong Performance

Lumax Industries, a leading player in the auto ancillary industry, has recently hit a 52-week high on June 13, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO.

On June 13, the stock reached a new high of Rs. 2929.2, outperforming the sector by 3.64%. It has also been on a consecutive gain for the last 3 days, with a 9.31% increase in returns during this period. The stock opened with a gain of 3.32% today and touched an intraday high of Rs. 2929.2, a 5.67% increase.

Lumax Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, Lumax Industries has shown a strong performance with a 37.31% increase, outperforming the Sensex's performance of 21.60%. This showcases the company's growth and potential in the auto ancillary industry.

With its recent 52-week high and consistent positive performance, Lumax Industries is a stock to watch out for in the smallcap category. Investors can consider holding onto their shares for potential future gains.