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