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Lux Industries Share Price Today: Live NSE/BSE Lux Industries Stock Price, Performance, Financials, Returns, Share Holdings
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Over the last year, innerwear companies have been significantly underperforming the Nifty 50. Shares of Rupa & Co are down over 51%, Lux Industries has crashed 50% and Page Industries has fallen 7%. The underwear sales volumes data, if it continues to contract, signifies that something is not right in the economy. Are there more troubles ahead?
Athleisure Wear: Indian consumers had started reducing non-essential spending such as that on apparel, lifestyle products, electronics and dining out since Diwali last year due to inflation, increase in interest rates, job losses in some sectors such as startups and IT, and a slowdown in the economy.