Lux Industries stock is worth watching as the stock has cleared a 8-week, 14% deep Cup Base today. The current price is only 2% away from its ideal buy price of INR 1900. Today, the stock was up 5.4% on volume 222% greater than 50-day average volume.
Lux Industries has an excellent EPS Rank of 97, which indicates outperformance in earnings growth. The earnings and sales for the stock have grown by 33% and 8%, respectively over the past three years. Over the past five years, the earnings and sales for the stock have grown by 26% and 7%, respectively.
The stock has excellent 3-years and 5-years earnings stability of 6 and 7, respectively, which indicates consistency in earnings. The return on equity for the last reported year is 25%.
In the last twelve months, Lux Industries has rallied nearly 90.6% as compared to 62.9% for the Nifty500. It has a Relative Strength Rating of 63. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the recent weeks. The overall long term trend of the line is also trending upward. The stock has an Accumulation/Distribution Rating of ‘A+’. This represents heavy institutional buying over the past 13 weeks.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 9.0% away from the 10-week moving average.
The stock belongs to the industry group of Apparel-Clothing Mfg. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 72. The current price of Lux Industries is -1% off from its 52-week high price and 131% above its 52-week low price.
The stock appears on our idea lists: Trend Template – 5 Months.
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