LUMAXIND - continue to rise with rising strength -Positional Buy

LUMAXIND

KEY HIGHLIGHTS

good for positional buy
at its all time high
rising strength on strength meter
passes daily and weekly mark minervini trend template criteria

SCORING

Core Fundamentals (Sales + Profit + Margins + ROE/ROCE) – 20% weight

EPS Trend & Consistency – 20% weight

Multi-year EPS breakout & new highs: ~85/100

Institutional Trend (Promoter, FII, DII) – 20% weight

Stable 75% promoter, strong DII build-up, small but rising FII: ~80/100

Technicals / Momentum (Price vs MAs, 1Y performance, RSI) – 40% weight

Strong uptrend, above key MAs, 1Y 142% but some overextension risk: ~80/100

Weighted together, this gives around:

Overall ≈ 81 / 100

Quick Take

Positives
Strong, consistent topline growth (20–25%+).
EPS has broken out post-COVID and is hitting new highs.
ROE/ROCE in high-teens – healthy quality.
DIIs have aggressively accumulated over the last 2 years.
Stock is in a clear technical uptrend, outperforming the market sharply.

Watch-outs
Valuation is rich vs. historical and vs. typical auto-ancillary.
Debt has increased meaningfully to fund growth – fine if cycle stays strong, a risk if it doesn’t.
1-year move (142%) means any small disappointment in future quarters can trigger sharp corrections.