India's Fiem Industries gains on quarterly profit surge

FIEM Industries

02/06/2025 05:11

** Shares of Fiem Industries FIIN.NS gain 7% to 1,708 rupees, their highest levels since October 2024

** The auto parts maker's Q4 consol net profit jumps 27% Y/Y, boosted by a higher demand for its auto products and rev up ~15%

** FIIN trades above 50-, 100-, 200- day moving avgs, indicating a bullish sentiment

** Stock up 15%, YTD

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))