Fiem Industries rose 0.41% to Rs 789.50 at 12:16 IST on BSE after DSP Blackrock Mutual Fund bought 1 lakh shares of the company at an average price of Rs 779.50 per share in a bulk deal on the NSE yesterday, 28 December 2015.
Meanwhile, the S&P BSE Sensex was down 8.19 points or 0.03% at 26,025.94.
On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 19,571 shares in the past one quarter.
The stock was volatile. The stock rose as much as 3.65% at the day's high of Rs 815 so far during the day. The stock fell as much as 0.79% at the day's low of Rs 780 so far during the day. The stock had hit a record high of Rs 945.30 on 15 January 2015. The stock had hit a 52-week low of Rs 475 on 26 August 2015.
The stock had outperformed the market over the past one month till 28 December 2015, surging 10.82% compared with Sensex's 0.36% fall. The scrip had also outperformed the market in past one quarter, rallying 44.07% as against Sensex's 1.63% rise.
The small-cap company has equity capital of Rs 11.96 crore. Face value per share is Rs 10.
Fiem Industries' net profit rose 17.5% to Rs 12.54 crore on 12.2% growth in net sales to Rs 234.47 crore in Q2 September 2015 over Q2 September 2014.
Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors.
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