Ashish Kacholia buys 0.7% stake in Lumax Industries

Mumbai: Investor Ashish Kacholia on Tuesday bought 62,837 shares or 0.7% stake in Lumax Industries at Rs 1,395.36 per share, bulk deal data on the BSE showed.

The seller's name could not be ascertained immediately. Lumax Industries accounts for over 60% market share in the Indian automobile lighting business, according to the company's website.

Shares of the company ended up 5.9% at Rs 1,460.50 on the BSE on Tuesday. So far this year, the stock has gained nearly 95%.