Lux Industries shares surged 20% today, here is why

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Published: December 15, 2015 5:06:08 PM

Lux Industries share price hit upper circuit on the National Stock Exchange on Tuesday after some changes in circuit limit were implemented.

Lux Industries share price, SensexLux Industries share price hit upper circuit on the National Stock Exchange on Tuesday after some changes in circuit limit were implemented.

Lux Industries share price hit upper circuit on the National Stock Exchange on Tuesday after some changes in circuit limit were implemented.

The scrip jumped 20 per cent to Rs 3,607.95 on Tuesday after the exchange transferred the stock from trade for trade segment to rolling segment. As a result, the circuit limit of Lux Industries changed from 5 per cent to 20 per cent now. It was kept in trade for trade segment for 11 trading sessions.

The share price of the innerwear manufacturer opened at Rs 3,199 on Tuesday and touched a high and low of Rs 3,607.95 and Rs 3,199, respectively, in trade.

Lux Industries shares got listed on the NSE at Rs 3,342.05 on December 1. Although the company’s share were listed on the Calcutta and Ahmedabad stock exchange earlier.

The promoters holding in the company stood at 73.71 per cent while corporate bodies and individuals held 14.22 per cent and 12.07 per cent respectively.

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