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An announcement from Lux Industries Ltd. ( (IN:LUXIND) ) is now available.
Lux Industries has responded to a query from the National Stock Exchange of India after a significant increase in trading volume was observed in its shares. The company told the exchange it is fully compliant with disclosure regulations and has been promptly reporting all events and price-sensitive information.
Management added that, while it has also noticed the recent volume spurt in its stock, there is no undisclosed price-sensitive information, impending announcement, or corporate action that would explain the movement. The clarification aims to reassure investors and regulators that the trading activity is not driven by non-public information and that the company has no additional disclosures at this time.
More about Lux Industries Ltd.
Lux Industries Ltd. is an Indian apparel manufacturer best known for its Lux innerwear brand. The company operates in the textile and hosiery segment, focusing on mass-market underwear and related garments across the domestic market.
Average Trading Volume: 1,935
Technical Sentiment Signal: Sell
Current Market Cap: 29.36B INR
For an in-depth examination of LUXIND stock, go to TipRanks’ Overview page.