Largest Innerwear Company Stock Hits 52- Week low, Valuations Reasonable After 54% Fall
The stock of Lux Industries is not a buy or sell call on the stock of Lux Industries .54 % fall in the stock price of Lux Industries
The stock of Lux Industries has fallen to a new 52- week low of Rs 1415 and has recovered now to Rs 1440.
One of the reasons for the fall in the prices has been the sharp rise in cotton prices in the last few quarters, which has impacted margins of the company.
The company is the No 1 player in the Indian innerwear market according to volumes.
Lux Industries also has a 2 lakhs plus retailer network across India.
Reasons for the fall in the stock price
Lux Industries is also focusing on premium innerwear range and plans to increase the market share to Rs 500 crores in FY 2025.
The stock of Lux Industries is also trading way below the 200- day moving average ofs in the.
The above article is just highlighting a stock which has fallen sharply and in no way should be construed as a recommendation.
The author and Greynium Information would not be responsible for losses based on a decision taken from the article.
Investors should consult an advisor before investing.
By Sunil Fernandes Goodreturns source: Dailyhunt