Fiem Industries scales record high

Fiem Industries surged 3.84% to Rs 740.80 at 09:45 IST on BSE after Kotak Mahindra (International) bought 0.77% stake in the company on Monday, 17 November 2014.

Meanwhile, the BSE Sensex was up 56.72 points, or 0.2%, to 28,234.60

On BSE, so far 33,236 shares were traded in the counter, compared with an average volume of 20,712 shares in the past one quarter.

The stock hit a high of Rs 745.90 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 718 so far during the day. The stock hit a 52-week low of Rs 206.50 on 18 November 2013.

The small-cap company has an equity capital of Rs 11.96 crore. Face value per share is Rs 10.

Kotak Mahindra (International) bought 92,500 shares or 0.77% stake at Rs 700 per share in Fiem Industries in a bulk deal on NSE on Monday, 17 November 2014.

Fiem Industries' net profit rose 17.5% to Rs 10.67 crore on 17% rise in net sales to Rs 208.89 crore in Q2 September 2014 over Q2 September 2013.

Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors. Its major business comes from the two-wheeler segment of the vehicle industry. It makes a wide range of lighting systems, rear view mirrors, sheet metals parts and plastic components for automobiles.

Powered by Capital Market - Live News