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Why the stock of Fiem Industries is a buy March 13, 2021 Expected turnaround in new vehicle sales and the firm’s better financial metrics are positives Investors with a long-term perspective and an appetite for high risk can buy the Fiem Industries stock (market capitalisation of about ₹ 800 crore). The company is a supplier of lighting, rear-view mirrors and plastic-moulded parts, predominantly for two-wheelers. An expected turnaround in new vehicle sales after two years (FY20 and FY21) of fall, improving share of revenues from the LED lighting segment and bettering financial metrics from the company’s deleveraging efforts are positives. After having more than doubled in the market rally since the lows of March 2020, the stock trades at a reasonable PE of about 17.8 times its trailing 12-month earnings. Peers such as Lumax Industries trades at 90 times due to a combination of sharp price rise as well as depressed earnings. Investors must take exposure to Fie ....