Crossing the hurdles FIEM can fly..Fiem Industries Ltd. is a holding company, which engages in the manufacture and supply of automotive components. It operates through the Automotive and light-emitting diode (LED) Luminaries segment. The Automotive segment comprises of lighting and signaling equipment, rear view mirror, prismatic mirror, plastic molded parts, and sheet metal components for motorized vehicles and others parts for automotive. The LED Luminaries segment includes indoor and outdoor lighting, display panel, and LED integrated passenger information system.
Fiem Industries Ltd. CMP is 1580.10. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding, MFs increased their shareholding last quarter and Stocks Outperforming their Industry Price Change in the Quarter. The Negative aspects of the company are moderate Valuation (P.E. = 22.4), Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 1594 Targets in the stock will be 1647 and 1719. The long-term target in the stock will be 1752 and 1786. Stop loss in the stock should be maintained at Closing below 1448 or 1387 depending upon your risk taking ability.
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