Short term swing trade (C): Automobile stock | Indian stock trading recommendation on 17 Mar 2026

NOTE

Closing Price: ₹1,352 (as of Mar 16, 2025)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Lumax Auto Technologies Limited is an Indian automotive components manufacturer founded in 1981 and part of the Lumax-DK Jain Group. The company produces a wide range of parts such as gear shifters, interior systems, chassis components, sensors, lighting, and electronic modules used in two-wheelers, passenger vehicles, and commercial vehicles. It serves major OEMs like Maruti Suzuki, Tata Motors, and Mahindra, and has over 40 years of experience with strong R&D capabilities and global technology partnerships. With multiple manufacturing plants across India, Lumax is considered one of the leading integrated auto ancillary players, focusing on both traditional components and future mobility solutions like EVs and alternate fuels.

Website: https://www.lumaxworld.in/lumaxautotech/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Lumax Auto Technologies reported a strong quarter, with growth coming from core OEM business, aftermarket, and subsidiaries, showing broad-based momentum across the business.
Management commentary was positive, highlighting steady execution, better product mix, operating leverage, and continued focus on cost discipline.
The company is also pushing its longer-term strategy through capacity expansion, technology capability building, and stronger positioning in future mobility and clean mobility.
Strategic actions remained a key theme, especially progress on simplifying the group structure through the Greenfuel merger and ongoing IAC India merger steps.
Financially, the quarter was strong as well, with revenue up 40% YoY to ₹1,271 crore, EBITDA margin improving to 15.0%, and PAT before minority interest rising 93% YoY to ₹108 crore.

Financial Highlights

Metric	Q3 FY26 Dec 2025	Q2 FY26 Sep 2025	QoQ Change	Q3 FY25 Dec 2024	YoY Change
Revenue (Rs cr)	1,270.7	1,156.4	9.9%	905.6	40.3%
EBITDA (Rs cr)	190.9	170.1	12.2%	126.8	50.6%
EBITDA Margin	15.0%	14.7%	30 bps	14.0%	100 bps
PBT before exceptional item & tax (Rs cr)	116.0	104.3	11.2%	74.3	56.1%
PAT before minority interest (Rs cr)	108.1	77.6	39.3%	56.0	93.0%
EPS (Rs)	12.10	9.81	23.3%	6.58	83.9%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

The stock has rebounded from its trendline support and is showing signs of bullish momentum, indicating a potential upside move in the near term.

A reliable swing trading advisory service in India can help traders catch momentum early, before the crowd joins in.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	42.27	Neutral
CCI-14	-98.70	Neutral
MFI	40.69	Neutral
ROC	-15.51	Negative
Stochastic %K	16.86	OverSold
William %R	-74.27	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
10 EMA	1499	Below
20 EMA	1540	Below
30 EMA	1547	Below
50 EMA	1534	Below
100 EMA	1458	Below
200 EMA	1286	Above

Conclusion

Lumax Auto Technologies Stock Price Forecast

Based on our sebi registered trading advisor, the Lumax Auto Technologies stock price target will be INR 1520 - INR 1540 in the next 14-15 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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