Friday, January 3, 2025

Investment Opportunities for Diwali: Kotak Securities Projects Fiem Industries to Reach ₹2,140, Implying a 32.2% Gain

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Investment Opportunities for Diwali: Kotak Securities Projects Fiem Industries to Reach ₹2,140, Implying a 32.2% Gain
Kotak Securities has named Fiem Industries as one of its top investment picks for Diwali 2024, giving the stock a “Buy” rating with a target price of ₹2,140, representing a potential upside of 32.2% from the current market price of ₹1,619. Fiem Industries, a leading manufacturer of automotive lighting and rear-view mirrors, is well-positioned to benefit from the increasing adoption of LED technology and growth in the two-wheeler and electric vehicle markets. The company has strong ties with original equipment manufacturers (OEMs) and plans to diversify into the four-wheeler segment, positioning itself for substantial growth. With a projected compound annual growth rate (CAGR) of 19% in earnings from FY24 to FY27 and a debt-free balance sheet, Fiem is seen as a compelling investment opportunity amidst the evolving automotive landscape.
Original source:
https://www.businessupturn.com/finance/stock-market/stocks-to-buy-this-diwali-kotak-securities-sees-fiem-industries-rising-to-%E2%82%B92140-with-a-32-2-upside/

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