Lumax Auto is vrooming ahead. TP ₹857 (37%)

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Dec 29, 2024.

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  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    Lumax Auto is vrooming ahead. It has high share of business with leading PV & 2W OEMs such as M&M, Maruti, Tata Motors, Bajaj Auto & HMSI which are likely to outperform industry over FY24-26E period. EBITDA margins expected to remain at 13%. TP ₹857 (37%)

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    Vidhi Khanna, Dec 29, 2024
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