Set your eyes on this sole Ola Electric supplier today!

The stock of Fiem Industries closed up by nearly 5 per cent on Monday after recording volume in excess of over 1 lakh shares, which is the highest since August 02.   

Interestingly, the company announced that it is a sole supplier to Ola Electric for headlamps, tail lamps, indicators, rear fender assembly, and mirrors. The company said, “In addition to the other existing EV clients of ours, this is a landmark client addition for us and we are excited & fully prepared to cater to all demands of Ola Electric in the future.”   

Furthermore, the company sees a huge potential in the Indian 2-wheeler electric vehicle (EV) segment and going forward, it is hopeful to capture a greater market share in this segment.  

The stock has witnessed good delivery buying on Monday as it recorded 45.27 per cent delivery quantity to traded quantity. The stock is up by 38.45 per cent on YTD basis while on MTD basis, it’s marginally down.