Recent Price Movement and Market Context
The stock has demonstrated notable momentum, outperforming its sector by 3.35% on the day and registering a two-day consecutive gain that amounts to a 14.55% return. It opened with a gap up of 2.57%, signalling early bullish sentiment among traders. Intraday, the share price touched a high of ₹1,480.8, marking a 7.7% increase from the previous close. This price action is particularly impressive given the broader auto ancillary sector’s gain of 3.74%, indicating Lumax Auto Technologies is leading the rally within its industry segment.
Trading volumes have also supported this upward trajectory. Delivery volumes on 02 Feb surged by 144.66% compared to the five-day average, with 1.61 lakh shares changing hands, highlighting rising i...
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