Fiem Industries is currently trading at Rs. 933.30, up by 39.50 points or 4.42% from its previous closing of Rs. 893.80 on the BSE.
The scrip opened at Rs. 911.10 and has touched a high and low of Rs. 949.80 and Rs. 900.10 respectively. So far 3931 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1229.30 on 17-Jan-2017 and a 52 week low of Rs. 821.40 on 31-May-2017.
Last one week high and low of the scrip stood at Rs. 949.80 and Rs. 887.30 respectively. The current market cap of the company is Rs. 1230.51 crore.
The promoters holding in the company stood at 63.59%, while institutions and non-institutions held 22.42% and 13.99% respectively.
Fiem Industries has signed a 'Memorandum of Understanding' (MoU) with Aisan Industry, Japan and Toyota Tsusho Corporation, Japan for establishing a joint venture company in India to manufacture Fuel Pump Module and IC connector Assembly for two-wheelers and three-wheelers.
Fuel Pump Module will become mandatory for two-wheelers and three-wheelers with effect from April, 2020 under Bharat Stage VI (BS VI) regime. This is an advanced Emission Control System Product, which will have huge market in India under BS VI norms.
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.
