Share Market News: Fiam Industries Likely to Give 32% Returns, What Kotak Securities Report Says?

Share Market: A report from Kotex Securities has come in which a target of Rs. 2140 is given for Fiam Industries. This stock is currently trading around Rs. 1612. Fiam Industries works on original equipment manufacturing for the auto sector, especially for two-wheelers. Engine technology is included in their portfolio, so there will be no effect of growth in the EV sector on them. 

Fiam Industries Sales

In FY24, the company made sales of Rs. 2039 Cr, in which there was an operating profit of Rs. 269 Cr. In the last 10 years, the compounded sales growth was 11%, while in the last 3 years, the sales growth was 18%. Kotex Securities has also talked about sales growth of 16.3%, 13.4%, and 13.9% for FY25, 26, and 27 respectively.