Fiem Industries' Stock Reaches 52-Week High, Experts Recommend 'Buy' Call

Fiem Industries, a leading auto ancillary company, has been making headlines in the stock market as its share price touched a 52-week high on September 30, 2024. This positive trend has been recognized by MarketsMOJO, who have given a 'Buy' call for the stock.

The company's stock has been performing exceptionally well, outperforming the sector by 3.8% and gaining for the last 4 consecutive days. In fact, in just the past 4 days, the stock has risen by 4.88%. However, today the stock opened with a slight loss of -2.33%, but still managed to touch an intraday high of Rs 1780, which is a 3.49% increase from the previous day's close.

On the other hand, the intraday low for the stock was Rs 1680, which is a -2.33% decrease from the previous day's close. Fiem Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In the past year, Fiem Industries has shown an impressive performance of 97.26%, while the Sensex has only grown by 28.59%. This further highlights the company's strong position in the market and its potential for growth.

With its consistent positive performance and recognition from experts, Fiem Industries is definitely a stock to watch out for in the auto ancillary industry. Investors can consider adding it to their portfolio for potential long-term gains.