Stocks to watch out for today: Tata Steel, Fiem Industries, Dhani Services, Castrol India , Kalyan Jewellers, PNB Housing Finance, Axiscades Technologies, and more

Stocks in news: Tata Steel, Castrol India, Kalyan Jewellers, PNB Housing and more

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.

Fiem Industries down 3% as fire mishap takes place at Haryana unit

Fiem industries has managed to add new clients and reduce debt significantly which is very impressive. 2-wheeler EVs will drive the next leg of growth.

Stylam, Medanta & 3 other stocks see brokerage initiations with upside potential of up to 52%

Fiem Industries informed that it has signed a memorandum of understanding (MoU) with Gogoro India, a group company of Gogoro Taiwan, to expand its product portfolio in 2-wheeler electric vehicles (EV) segment.

Fiem Inds inks MoU with Gogoro Taiwan’s Indian unit for 2-wheeler EV products

For expansion of its product portfolio in 2-wheeler EV segment

Fiem Industries signs MoU with Gogoro India

Fiem Industries consolidated net profit rises 37.47% in the December 2022 quarter

Shares of Fiem Industries hit a new high at Rs 2,024.95, and have rallied 22% in the past two days after the company reported 54% YoY jump in its consolidated net profit.

Stock of this auto ancillary company has doubled in just 5 months

The stock has zoomed 150 per cent from our ‘buy’ call at ₹598 in March 2021. Here is what investors should do now with the stock at ₹1,480 level

Why you should continue holding Fiem Industries stock

Overall, the management believes that the worst is behind the two-wheeler industry and expects the industry to get back on its growth path.

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

The company had invested Rs26 crore for acquiring 26% shareholding in the JV Company. The exit process is expected to be completed within the first quarter of the next financial year.

Fiem Industries exits from JV company, Aisan Fiem Automotives; Stock ends 5% lower

Fiem Industries consolidated net profit rises 7.60% in the September 2021 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Fiem Industries Limited is engaged in the business of manufacturing various types of auto components and light-emitting diode luminaries. The Company offers lights, signaling equipment, rear view mirrors, plastic molded parts and LED items.