Fiem Industries is the sole supplier of the headlamp, tail lamp, indicators, rear fender assemblies and mirror for OLA Electric.
Shares of the fiem Industries hit a fresh 52 week high on 17/8/20121 of Rs 951.80 on BSE up about 20 per cent in a single day after the company said it is the sole supplier of the headlamp, tail lamp, indicators, rear fender assemblies and mirror for OLA Electric S1 and S2 Newly launched Scooter.
In addition to the existing Electric vehicle manufacturing client, it is a landmark client addition to the fiem industries.
Fiem Industries engaged in the business of manufacturing and supplying headlamps, tail lamps, indicators, rear fender assemblies and mirror auto companies.
Fiem industries reported a 57 per cent decline of consolidated net profit in Q1 FY 22 to 11.32 Crore. The company's net sale also declined to 34 per cent to Rs 272.25 Crore.
Feim Industries Stock Recommendation.
we have a buy a recommendation on Feim Industries with a Target Price of Rs 1250.
CMP 900.
Feim Industries Stock Target Price 1250.
Tags, #OLA Electric, #Stock Market,#Stock to Buy, #Marketpost.
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