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The growing dominance of LED lights, acquisition of new clients, expansion of business with existing clients, and the increasing popularity of EVs contribute to Fiem’s appeal as a promising long-term investment
The pick-up in the two-wheeler industry augurs well for this auto ancillary
Rising share of light-emitting diodes (LEDs), addition of new clients and new business from existing clients are expected to augur well for the company
Fiem Industries posted a weak set of numbers in Q1 FY21 due to the pandemic-triggered disruption in business activities. Revenues suffered a significant decline on a year-on-year (YoY) basis, while operating profit turned negative.
Lumax Industries and Fiem Industries, the end-to-end lighting solution providers for automobiles, posted an in-line set of numbers in Q4 FY20
Market leadership, marquee clients, focus on developing technologically advanced products and adoption of LED-based products provide an improved earnings visibility for these companies and therefore merits investors’ attention.
Market leadership, marquee clients, focus on developing technologically advanced products and adoption of LED-based products provide improved earnings visibility for the companies and therefore merits investor attention
The prevalent weakness in the market provides an opportunity to buy into these businesses with an eye on the long term
Net Sales are expected to increase by 15 percent Q-o-Q (up 18.4 percent Y-o-Y) to Rs 277.7 crore, according to Centrum.