India's Fiem Industries eyes best day in over 10 years

FIEM Industries

17/08/2021 06:42

** Shares of auto parts maker  FIIN.NS  surge as much as 20%
to 951.10 rupees - their biggest pct gain in more than a decade 
    ** Co says it is sole supplier to Ola Electric, the electric
mobility unit of ride-hailing company Ola, for parts such as
indicators and rear fender assembly 
    ** Ola Electric launched two scooters over the weekend
    ** Co sees huge potential in Indian 2-wheeler electric
vehicle segment - FIIN says 
    ** More than 516,000 shares traded by 0524 GMT, 9.9 times
their 30-day avg
    ** As of last close, stock has risen 39.8% this year 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))