Fiem is foraying into the PV segment while exploring opportunities in the EV market
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.
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 rising market share of LED lights, acquisition of new clients, and wider acceptance of EVs make it an attractive long-term bet
The pick-up in the two-wheeler industry augurs well for this auto ancillary
An important trigger for the company is the wider adoption of LED lights.
In a bid to move towards cleaner energy and environment-friendly transportation, the world has been moving away from internal combustion engine (ICE)-driven vehicles to battery-driven electric vehicles (EVs). In this note, we identify companies, across the EV ecosystem, which could benefit when EV penetration starts to pick up at a faster pace
The wider adoption of light-emitting diode (LED) lights will play a critical role for Fiem Industries' growth
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.