The Indian auto ancillaries industry, valued at $57 billion, is a crucial pillar of the automotive sector, contributing 2.3% to the nation's GDP. With over 7,000 players, it supports a vast network of OEMs and aftermarket services. The sector is poised for growth, driven by rising vehicle demand and technological advancements. Here are the Auto [...]
The PEG ratio, or Price/Earnings-to-Growth, is a metric that helps evaluate whether a stock is undervalued or overvalued by taking into account both the stock's price-to-earnings (P/E) ratio and its expected earnings growth rate. On the other side, Auto Ancillary companies refer to the companies that manufacture and supply parts, components, and accessories for the [...]
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 [...]
The share price of the small-cap company rose by 4 percent to hit its 52-week high of Rs 2587.95 per share from its previous close of Rs 2487.75 following the company's announcement that it would be issuing bonus shares Fiem Industries Ltd announced the issuance of bonus shares at a 1:1 ratio, which is one [...]
The Indian government is encouraging the use of electric vehicles in the infrastructure, energy, and mobility sectors. According to Ernst & Young, India's electric car industry received $6 billion in investments in 2021 and is expected to get $20 billion by 2030. Due to its rapidly developing economy and population, India's government expects to add [...]
