Fiem Industries surges 6% on healthy outlook, stock up 56% in one month

Shares of Fiem Industries hit a record high of Rs 1,567.65, up 6 per cent on the BSE in Tuesday’s trade. The stock has surged over 56 per cent in the past one month on healthy business outlook. Meanwhile, the S&P BSE Sensex has declined 4 per cent during the same period.

Fiem is one of the leading manufacturers of automotive lighting & signalling equipment's and rear view mirrors in India. Its major business comes from the two-wheeler segment of the automotive industry.

The company has a diversified product portfolio ranging from head lamps, tail lamps, signalling lamps, roof lamps, rear view mirrors, wheel covers, warning triangles, complete rear fender assembly, frame assembly, mudguards, various automobile sheet metal and