Lux Industries Jumps Over 15% on Stock-Split Proposal

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New Delhi: Shares of Lux Industries surged up by 16 per cent today after the company’s said its board of directors will consider the stock-split proposal at a meeting on April 12.

The stock gained 15.9 per cent to Rs 3,480 on BSE. At NSE, shares of the company surged 15.63 per cent to Rs 3,494.95.

“A meeting of the Board of Directors of the company will be held on April 12, 2016… to consider and approve the sub division of equity shares of the company and alteration of memorandum of association of the company,” the company had said in a BSE filing yesterday.

Lux Industries makes innerwear under the Lux brand.