Don't buy Lumax Industries
Although the fundamentals of the Lumax are good, the valuations compared to their peers are little high. The industry PE is around 12 and Lumax is trading at 22 PE.
Technically the stock is expected to fall. I suggest if you are looking to buy Lumax, wait for sometime and buy when the share reaches 390 at 18PE
Although the fundamentals of the Lumax are good, the valuations compared to their peers are little high. The industry PE is around 12 and Lumax is trading at 22 PE.
Technically the stock is expected to fall. I suggest if you are looking to buy Lumax, wait for sometime and buy when the share reaches 390 at 18PE
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