Hi Ayush,
I am new to the field of investing and on this forum. Its amazing to see such a vibrant community of value/growth investors (though I don’t differentiate much between the two) adding so much value to investment research/philosophy.
Regarding Lumax Auto Technologies: Looks a very good opportunity to me and have a researcher position. However, the preference shares issued by the company and the proceeds being used to invest in Lumax Industries is a bit confusing to me. I am not able to see the logic/rationale behind it. I was wondering if you have any idea about it.
P.S.: Lumax auto propped up on a screen that I created on Screener.in (wonderful site you have created) 
Thanks
Manan