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Fiem Industries surges on inking TAA for manufacturing ‘Canister’

07 Oct 2016 Evaluate

Fiem Industries is currently trading at Rs. 1239.00, up by 36.40 points or 3.03% from its previous closing of Rs. 1202.60 on the BSE.

The scrip opened at Rs. 1234.00 and has touched a high and low of Rs. 1257.00 and Rs. 1223.85 respectively. So far 1,128 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1257.00 on 07-Oct-2016 and a 52 week low of Rs. 533.50 on 08-Oct-2015.

Last one week high and low of the scrip stood at Rs. 1257.00 and Rs. 1106.00 respectively. The current market cap of the company is Rs. 1,626.49 crore.

The promoters holding in the company stood at 69.96%, while Institutions and Non-Institutions held 11.90% and 18.14% respectively.

Fiem Industries has inked a ‘Technology License and Assistance Agreement’ (TAA) with Aisan Industry Co., Japan and Toyota Tsusho Corporation, Japan for manufacturing of ‘Canister’. Under the TAA, the Canister will be manufactured by Fiem Industries with the technical support of Aisan Industry Co., for two-wheelers and three-wheelers in Indian market.

Canister is an Emission Control System Product, which will have huge market in India due to implementation of stricter emission norms for two-wheelers and three wheelers, as it will become mandatory with effective from April 01, 2017.

Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors. The company is supplying its products to almost all major OEMs in the domestic market as well as few global OEMs.


Fiem Inds Share Price

2254.60 23.35 (1.05%)
17-Apr-2026 11:40 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 124.05
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Bosch 37675.00
UNO Minda 1090.00
CIE Automotive India 495.85
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