Fiem Industries surges 6% on healthy outlook, stock up 56% in one month

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

Shares of Fiem Industries hit a record high of Rs 1,567.65, up 6 per cent on the BSE in Tuesday’s trade. The stock has surged over 56 per cent in the past one month on healthy business outlook. Meanwhile, the S&P BSE Sensex has declined 4 per cent during the same period.

Fiem is one of the leading manufacturers of automotive lighting & signalling equipment's and rear view mirrors in India. Its major business comes from the two-wheeler segment of the automotive industry.

The company has a diversified product portfolio ranging from head lamps, tail lamps, signalling lamps, roof