Shares of Lumax Industries took a sharp knock in Thursday’s trade, falling over 7% intraday despite the company reporting strong first-quarter numbers for FY26. The stock opened at ₹3,788, in line with its previous close of ₹3,777.20, but soon lost steam, hitting an intraday low of ₹3,480.40.
This decline came as a surprise to many, given the company’s solid earnings performance. On a consolidated year-on-year basis, Lumax reported a healthy 20.5% jump in revenue, rising to ₹922.52 crore from ₹765.79 crore. Net profit inched up 6% to ₹36.19 crore, while operating performance was even more impressive — EBITDA surged 42% to ₹81.81 crore, compared to ₹57.75 crore a year ago. Margins also expanded to 8.9% from 7.5%, reflecting improved operational efficiency.
Despite these positives, the market response remained lukewarm. The stock’s fall may have been triggered by broader market sentiment. From a technical standpoint, today’s dip dragged the stock further away from its recent highs, though it still remains well above its 52-week low of ₹1,960.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
