"I feel IT, even after the run up that we have seen, have underperformed for some time. People are not having that kind of position in IT and maybe there is still more steam left in IT though after the move, not only stocks like Infosys, HCL Technologies have moved up but some of the midcap IT names like KPIT or LTTI can also see some more upside from these levels."

“Lux Industries benefits from China plus one opportunity as they move to 46 countries, which is about 6% of their sales and that also should continue and increase the global footprint for the company. The company is also seeing good growth and good traction online and expects about Rs 1,000 crore of sales from online channels alone in the next two to three years.”

According to the data from Ace Equity, as many as 240 stocks or 48 per cent shares of the index are down more than 20 per cent from the 52-week highs. BSE500 index constitutes about 95 per cent market cap of all BSE-listed companies.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 571.69 crore, down 3.59 per cent from last quarter total income of Rs 592.96 crore and up 35.76 per cent from last year same quarter total income of Rs 421.09 crore.

Lux Venus with its product portfolio of drawers and vests has a strong presence in the market due to its high brand recall and currently enjoys a market share of 15-16% in the mens innerwear market, which is expected to double in the near short-term future. Contributing around 28% to the topline, Venus achieved a turnover of Rs. 640 crore in FY22, selling approximately 12 crore. pieces.

Three stocks Brightcom Group, Tata Teleservices (Maharashtra) and Zomato require a 175-176 per cent rally to revisit their 52-week highs. While not many brokerages track the first two stocks, a host of brokerages have turned positive on Zomato. The stock has also been in a recovery mode, having risen some 15 per cent in the last one month.

The Indian market has started an uptrend in the last three days and the government's decision to reduce the windfall tax seems to have brought more cheer. Here are five stocks that have investors interested

Three of them have turned multibaggers and Bloomberg’s consensus rating shows that all the seven stocks still have some steam left

Accordingly, the regulator modified its interim directions and allowed credit and debit of securities in the accounts of the entities except the securities of Lux Industries.

IOL Chemicals and Pharmaceuticals is poised for short-term breakout of Rs 440, hence any strong close above Rs 440 level may lead upside momentum towards Rs 480-510 levels.

Quality can be defined differently by many analysts, but there is a consensus that a company that uses its capital efficiently and churns good profits for its shareholders consistently can be regarded as a quality name.

A bear grip is confirmed when an index or a stock plunges 20 per cent or more from its most recent high.

Tata Teleservices (Maharashtra), Solara Active Pharma Sciences, Vaibhav Global, Sequent Scientific, Jubilant Pharmova and Spandana Sphoorty Financial need to rally 133-183 per cent to revisit their 52-week highs.

As the news of Sebi ban on trading on Lux Industries executive director along with 13 others came out, shares of the underwear maker sank 20 per cent

Ajit Mishra, VP - Research, Religare Broking said, "Markets took a breather and gained over half a per cent, tracking firm recovery in the US markets and upbeat earnings. Healthy buying in select index majors from banking, auto and telecom space helped the index to gradually inch higher as the day progressed."

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Lux Industries Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11575.64 Crore) operating in Apparels sector.

Infosys said it has almost completed its buyback programme and buyback committee will meet on September 8 to consider closure of the buyback programme.

Balaji Amines saw its consolidated PAT margin improving to 21.61 per cent in the June quarter from 21.4 per cent in March, 20.12 per cent in December, 15.65 per cent in September and 14.16 per cent in the year-ago quarter. The scrip has soared 269.12 per cent this year.

The share stood at Rs 1,146.35 on July 23, 2020. It has zoomed to Rs 4,120.00 today, translating into gains of 259 per cent during the period

Renowned hedge fund manager Jeremy Grantham's GMO Emerging Market Fund and Abakkus Assets Sunil Singhania have purchased a small stake in the inner wear maker.

The rising interest of global equity funds in the sector is reflective of renewed interest in a space that had remained dormant over the past two years due to a crushing slowdown in domestic consumption.

WHV-EAM International Small Cap Equity Fund bought a stake in Lux Industries on Wednesday, which was followed up by Abakkus and GMO buying shares in Rupa & Company on Thursday.

Kalpataru Properties sold 2.88 million shares of the company at Rs 425 per share through a bulk deal on the BSE.

Sales rose 48.1 per cent to Rs 595.05 crore from Rs 401.58 crore in the year-ago quarter.

Nippon India Mutual Fund bought 250,000 shares of Lux Industries at Rs 1,875 per share through a bulk deal on the NSE.