Fiem Industries rose 2.44% to Rs 994.65 at 09:51 IST on BSE after the company announced that it has received letter of intent from Energy Efficiency Services for supply of 9-watt LED bulbs valued at Rs 12.31 crore.
The announcement was made after market hours on Tuesday, 5 July 2016. The stock market was closed yesterday, 6 July 2016, for a holiday.Meanwhile, the S&P BSE Sensex was up 40.32 points or 0.15% at 27,207.19
On BSE, so far 3,582 shares were traded in the counter as against average daily volume of 8,750 shares in the past one quarter. The stock hit a high of Rs 1,002 and a low of Rs 981 so far during the day. The stock had hit a record high of Rs 1,005 on 5 July 2016. The stock had hit a 52-week low of Rs 475 on 26 August 2015. The stock had outperformed the market over the past 30 days till 5 July 2016, surging 15.72% compared with Sensex's 1.45% rise. The scrip had also outperformed the market in past one quarter, gaining 11.07% as against Sensex's 9.1% rise.
The small-cap company has equity capital of Rs 11.96 crore. Face value per share is Rs 10.
Fiem Industries said that the period for the supply of LED bulbs is one month.
Fiem Industries' net profit rose 44.93% to Rs 19.45 crore on 22.95% growth in net sales to Rs 284.55 crore in Q4 March 2016 over Q4 March 2015.
Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipment and rear view mirror.
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