Shares of Fiem Industries are expected to react positively in the coming days as the company has purchased 7.65 acres of land in Ahmedabad to set up a new plant. The plant, to be strategically positioned near the upcoming factory of Honda Motorcycle & Scooter India Private Limited, will manufacture and supply automotive lighting and signalling equipment, rear-view mirrors and plastic moulded parts. The company reported a net profit of ₹10.28 crore on total revenue of ₹188.11 crore.
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