The shares of the largest automotive parts manufacturer fell up to 11 percent after two promoters of the company sold 5 lakh equity shares respectively via a bulk deal.
Fiem Industries Ltd has a market capitalization of Rs 3,107.83 crore, the shares were trading at Rs 1,180.80 per share, decreasing around 5.72 percent as compared to the previous closing price of Rs 1,252.50 apiece.
As of March 2024, Aanchal Jain and Rahul Jain, a promoter of the company, hold 32.51 lakh equity shares, respectively which are equivalent to 12.35 percent in Fiem Industries Ltd, however, both have sold 5 lakh equity shares of the company at an average price of Rs 1,170.61 per share and Rs 1,170.30 per shares, respectively.
Looking at the company’s financial performance, revenue increased by 28 percent from Rs 436 crore in Q4FY23 to Rs 558 percent in Q4FY24, during the same period, the company’s net profit surge by 21 percent from Rs 38 crore to Rs 46 crore.
The company has an impressive client base for two-wheeler Honda, TVS, Yamaha, Suzuki, Eicher Royal Enfield, Harley Davidson, Mahindra, etc, and four wheeler – Tata Marcopolo, Force Motors, Honda Siel, Hyundai, Daimler, Mahindra Reva etc.
FIEM offers a diverse product portfolio, including headlamps, tail lamps, signaling lamps, roof lamps, rearview mirrors, wheel covers, warning triangles, rear fender assemblies, frame assemblies, mudguards, automobile sheet metal and plastic parts, and canister and bank angle sensors.
Examine the company’s recent shareholding pattern, the promotor holds a 66.56 percent equity Share in the company, retail investors own a 29.78 percent stake, and Domestic institutional investors own a 1.65 percent stake in the company.
Fiem Industries Limited is an Indian firm that primarily manufactures and supplies automotive components. The company makes automobile lighting and signaling equipment, rear-view mirrors, prismatic mirrors, plastic molded components, bank angle sensors, and so on.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
