Lumax Auto- Modest Expansion Needs, Negligible Debt Levels Provide Comfort: HDFC Securities Initiates Coverage

The outlook for automobile demand is improving and the company is witnessing increased offtake for its products.

<div class="paragraphs"><p>Headlights manufactured by Lumax Industries Ltd. (Source: Company website)</p></div>
Headlights manufactured by Lumax Industries Ltd. (Source: Company website)
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