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  1. Lux Industries shares rally on commencing operations at new plant

Lux Industries shares rally on commencing operations at new plant

Lux Industries shares surged as much as 5.45 per cent on Thursday after the company informed bourses that it has commenced operation at Dankuni Plant near Kolkata

By: | New Delhi | Updated: June 16, 2016 4:27 PM
lux industries shares bse sensex At 1.57 pm, shares of Lux Industries were trading 3.06 per cent up at Rs 654.20. (Photo: Reuters)

Lux Industries shares surged as much as 5.45 per cent on Thursday after the company informed bourses that it has commenced operation at Dankuni Plant near Kolkata from June 15.

At 1.57 pm, shares of Lux Industries were trading 3.06 per cent up at Rs 654.20. The scrip opened at Rs 650 and has touched a high and low of Rs 669.35 and Rs 648, respectively, in trade so far. Later, the scrip ended 2.88 per cent up at Rs 653.

Benchmark BSE Sensex was down 223.33 points, or 0.84 per cent, at 26,503.01.

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In a BSE filing, the company said, “June 15, 2016 is the Commercial Operation Date (COD) of the company’s Dankuni Plant near Kolkata, West Bengal.”

For the quarter ended March 31, 2016, the company reported a net profit of Rs 15.44 crore, up 26.64 per cent, against Rs 12.19 crore in the corresponding quarter a year ago.

On a month-to-date basis, the share price of Lux Industries plunged 6.23 per cent to Rs 634.75 till June 15, whereas BSE Sensex was gained up 0.05 per cent in the same period.

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