Dear @hitesh2710 ji,
Wondering if you are still tracking or have a view on Lux Industries (you started the thread way back)
Lux has been fraught with challenges in the last couple of years…
1/ Insider trading case in early 2022 against promoter’s son (Udit Todi)
2/ Surge in raw material price (cotton)
3/ The two brothers at the helm (Ashok and Pradeep Todi) not getting along
4/ IT raid in late 2023
But looks like some of the issues are behind them, with…
1/ Udit Todi has been given a clean chit in the insider trading case
2/ Cotton price has cooled off
3/ Per the grapevine, brothers Ashok and Pradeep have divided the empire (split by brands) – the recent results also reported the numbers by “verticals” for the first time which to me looks like carving up the empire
IT raid is the only big known unknown in my view
Additionally, a new unit at Jagdishpur came on stream last week which will add ~400 Cr to the top-line in the next ~2 years
Risk-reward ratio looks very favorable to me…
Thanks in advance
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