External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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>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.

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

<ul><li>Acquisition of Greenfuel marks LATL’s foray into alternative fuel segment; acquisition is EPS accretive.</li><li>The strategic move positions Lumax to capitalize on the anticipated growth of the CNG vehicle market in India.</li><li>Outlook We maintain a Buy rating on the stock with a revised price target (PT) of Rs.</li></ul>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.

Acquisition of Greenfuel marks LATL’s foray into alternative fuel segment; acquisition is EPS accretive.The strategic move positions Lumax to capitalize on the anticipated growth of the CNG vehicle market in India.Outlook We maintain a Buy rating on the stock with a revised price target (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 - Enhancing Value Inorganically

India

Lumax Auto Technologies is a prominent Indian manufacturer and supplier of automotive systems and components, catering to two, three, and four-wheeler segments. Its diverse product portfolio includes integrated plastic modules, chassis, lighting, gear shifters, and telematics products. The company was founded in 1981 and is headquartered in Gurugram, India.

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Lumax Auto Technologies (LMAX IN)

Lumax Auto Technologies Ltd - Entering in ‘Green’ with Greenfuel

LATL has been focussing on inorganic growth through acquisitions and partnerships in high-potential industries.Outlook We maintain BUY with a...

Sharekhan

Lumax Auto Technologies Ltd - Enhancing Value Inorganically

The strategic move positions Lumax to capitalize on the anticipated growth of the CNG vehicle market in India. We maintain a Buy rating on the...

Sharekhan

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