Q4: Small Cap Auto Ancillaries Co Declares Rs 27/Share Dividend For FY 2022-23

Small cap company operating in Auto Ancillaries sector, Lumax Industries Ltd on Saturday announced final dividend of Rs 27 per share dividend for the financial year 2022-23. Lumax Industries Ltd share gave return of 92% in last 1-year. Check details below:

Board of Lumax Industries Ltd Declares Dividend: According to the BSE filing of the company, "Recommendation of Final Dividend of Rs. 27 /- per Equity Share (270%) of the Face Value of Rs. 10/- for the Financial Year 2022-23 subject to the approval of Shareholders in the ensuing Annual General Meeting of the Company. The dividend, if approved by the Shareholders, will be paid within 30 days of approval/declaration."

Lumax Industries Ltd Stock Performance & Return: Last trading price of Lumax Industries share is Rs 2020.65 per share with intraday gain of 0.76% as of May 26, 2023. Lumax Industries Ltd share 52-week high price is Rs 2101.45 apiece and 52-week low price is Rs 976.15 apiece, respectively. The small cap company has a market capitalisation of Rs 1888.85 crore. Lumax Industries stock gave return of 22% in last 3-months, 7% in last 6-months, 92% in last 1-year, 23% in last 2-years, and 129% return in last 3-years.

Lumax Industries About: Lumax Industries Limited is India's pioneer and most experienced player in the Automotive Lighting Industry. The company has almost 4 decades of strong partnership with Stanley Electric Co. Limited, Japan, a world leader in Vehicle Lighting and illumination products. Lumax has eleven ultra-modern manufacturing plants in India, strategically located near manufacturing locations of major OEMs. Lumax Industries is one of the major suppliers to OEMs including Hero Motocorp, Honda Motorcycle & Scooter India, Honda Cars, Mahindra & Mahindra, etc, according to its official website.