The stock price of Indian company Lux Industries rose due to signing a brand authorization agreement with Reebok.

Indian Lux Industries's stock price rose by 6.2% to 1,298.20 rupees, reaching its highest level since June 17, 2026. The stock rebounded after falling for three consecutive trading days. The textile clothing company stated that its Vertical B business division has signed an exclusive brand authorization agreement with RILUK IPCO, allowing them to use the brand Sharp Steps in India.