Lumax Auto is well diversified & poised for healthy growth. Target Price ₹750 (30%)

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Sep 23, 2024.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    Lumax Auto is well diversified & poised for healthy growth. It has lean B/S with Debt: Equity of ~0.4x. It also has a capital efficient business model with ~17% RoE which is expected to improve 20%+ which should drive re-rating of the stock. TP ₹750 (30%)

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