Fiem Industries

Shares of Fiem Industries hit a new high at Rs 2,024.95, and have rallied 22% in the past two days after the company reported 54% YoY jump in its consolidated net profit.

Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent.

Overall, the management believes that the worst is behind the two-wheeler industry and expects the industry to get back on its growth path.

The company said that it is the sole supplier of head lamps, tail lamps, indicators, rear fender assemblies and mirrors for Ola Electric's newly launched scooters S1 and S1 Pro

Oil Marketing Companies may be on investor radar today after Finance Minister Nirmala Sitharaman said on Monday that the Centre had little room to cut excise duty on petrol and diesel

The stock hit a record high of Rs 1,260, up 4% on the NSE in early morning trade.