[Portfolio Stock] – FIEM Industries – Sole supplier of various lamps to Ola Electric
Dear Investor, We don’t like losing money and that’s why we are very fond of low-risk opportunities. Yes, the ones where there’s not much market euphoria and therefore the downside is low while the long-medium term potential is immense. Well, it so happened that during the 2019 downturn of the auto industry, we identified an auto-ancillary stock that was available at only 8.5 times earnings and the promoters themselves were buying the stock. The stock was: FIEM Industries (NSE: FIEMIND)…