FIEM Industries share price hit 52-week high of Rs.1477 on the NSE today on Q2 anticipation. The market analysts expect the company to post net profit at Rs.14.8 cr, up 29.4 per cent quarter-on-quarter (QoQ). The Net Sales are expected to increase by 15 per cent Q-o-Q (up 18.4 per cent Y-o-Y) to Rs 277.7 cr, according to market analysts. EBITDA - earnings before interest, tax, depreciation and amortisation are likely to increase by 15.3 per cent Q-o-Q (up 23 per cent Y-o-Y) to Rs 36 cr. They expect FIEM Industries to register revenues of Rs.2,777 million, up 18 per cent YoY/ +15 per cent QoQ on the back of robust volume growth by significant automotive clients such as Honda 2Ws and TVS Motors. They expect FIEM Industries’ net profit to grow 18 per cent YoY to Rs.148 million in Q2FY17E.Meanwhile, FIEM Industries share price was trading at Rs.1440, up 0.68 per cent on the National Stock Exchange (NSE) today. The stock opened at Rs.1443.95 from a previous closing of Rs.1430.30.
FIEM Industries is stock analyzed by the Dynamic Levels Researchers as the top 500 performing stocks for the September quarter among the 1700 stocks which are listed on the NSE.
The company is one of the leading manufacturers of automotive lighting & signaling equipments and also rear view mirrors. Their major business comes from the 2-wheeler segment of the vehicle industry. They have a wide range of lighting systems and rear view mirrors, sheet metals parts and plastic components for 2 and 4-wheeler. Their diversified products portfolio range from rear view mirrors, head lamps, tail lamps, roof lamps, signalling lamp, warning triangle, wheel covers, complete rear fender assembly, mudguards, LED Display Panels, frame assembly and various sheet metal & plastic parts.
In order to seek information about the support and resistance levels of the share and also its financials and fundamentals, please a pay a quick visit to FIEM Industries share price history.
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