Lumax Auto Technologies

The company said it has received information that certain entities are circulating unsolicited / unauthorised SMS / Whatsapp messages regarding the shares / securities of the Company.

IAC India is a well-established Tier-1 interior systems and components supplier to key automotive OEMs in India including Mahindra, Maruti Suzuki, Volkswagen and Volvo Eicher Commercial Vehicles.

Since July, most of the auto ancillary stocks have geared up with a resolute strength and continue to rally smartly seeking higher ground.

In FY23, the company expects domestic sales and exports to rebound as the global economy (including India) is experiencing a strong recovery

The stock hit a new high of Rs 662, up 8% on the BSE in early morning trade, after the company reported 13% growth in net profit at Rs 13.33 crore in September quarter