Heavy buying in LIC-backed stock: Mukul Agrawal gains Rs 8,08,60,000 in this stock in just one day!
Shares of the company gained more than 80 per cent in the last six months.
Shares of Lux Industries Limited gained over 9 per cent today. The stock has witnessed heavy buying activity from investors in the last few days. Ace investor Mukul Agrawal holds a 1.33 per cent stake in the company. The company reported robust Quarterly Results for Q4FY24, with revenue decreasing by 0.85 per cent YoY to Rs 704.21 crore. The operating profit of the company stood at Rs 84.16 crore, which increased by 61.57 per cent and PAT increased by 84.62 per cent to Rs 84.62 crore.
Ace investor Mukul Agrawal made a killing on Monday, gaining over Rs 8.08 crore in profit on his 4,00,000 shares in Lux Industries Limited, which soared by Rs 202.15 per share. The stock has also delivered 40 per cent return in the past the year.
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Lux Industries Limited was incorporated in 1995. It is the largest mid-segment hosiery enterprise in India. The company is engaged in the manufacturing and marketing of innerwear, thermals, and casuals under various brands, with ‘LUX’ being its flagship brand. The company has a total seven manufacturing facilities that possess a cumulative capacity of 34 crores garment pieces a year. In Nov 23, SEBI gives clean chit to Lux Industries’ Mr. Udit Todi in insider trading case. LIC has 4.74 per cent stake in the company.
The stock has shown tremendous growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.