The market is expected to remain directionless in the upcoming sessions. Below are some short-term trading ideas to consider.
The company is foraying into the PV segment while exploring opportunities in the EV market
EV, foray into PV, and wider adoption of LEDs are likely to fuel growth
FIEM Industries' shares surged after Kotak Securities initiated coverage with a 'buy' call, highlighting the company's robust position amid growing EV adoption and strong partnerships with major automotive clients.
On the indicator front, the momentum indicator relative strength index RSI (14) is showing a reading of 47 and Nifty is trading above its 200-day EMA at 18,331 which indicates strength.
Fortunately, no humans were hurt and the fire was brought under control within a few hours with the assistance of fire tenders. However, there was some damage to buildings, machinery, stocks, and furniture, Fiem Industries said.