Reviews

FIEM INDUSTRIES

Ticker : 532768
FV:  Rs.10
52-Week H/L: Rs.1057.95/780

We had recommended Fiem Industries in volume no. 34, issue no. 25 (dated April 9, 2018), when the scrip was trading at Rs 922. Our recommendation was backed by factors such as robust performance in Q3FY18. On the financial front, in Q4FY18, the company’s revenue was up 37.3 per cent YoY due to uptick in the automotive segment. The EBITDA grew by 53.6 per cent YoY and the margin stood at 10.9 per cent. The PAT during the quarter was Rs 15.3 crore, as against net loss of Rs 1.8 crore in Q4FY17. The strong growth in sales volumes of major clients like TVS, Suzuki and Royal Enfield will continue to trigger the demand in the two-wheeler segment of the company. The two-wheeler OEMs are witnessing high demand for the LED headlamps, giving the company a wider scope to grow. Hence, we urge investors to HOLD the scrip

COAL INDIA

Ticker: 533278 
FV:  Rs.10
52-Week H/L: Rs.316.55/234

We had recommended Coal India in volume no. 34, issue no. 18 (dated Feb 19, 2018), when the scrip was trading at Rs 307. Our recommendation was backed by factors like rising demand from non-power sector and focus on achieving the target of Coal Vision 2030. We had reviewed the stock in volume no. 34, issue no. 27 (dated April 23, 2018) when it was trading at Rs 283. For the short term, we had urged investors to reduce exposure to the stock and hold the balance investment. It is expected that in June quarter, the company may deliver excess production leading to poor performance in overburden removal. In FY19, the employees’ salaries are due for a hike along with arrears, which will lead to pressure on the margins. Thus, we urge investors to EXIT the company