Promoters sold 5 lakh shares in Fiem Industries; Stock falls 11%

Fiem Industries, a leading automotive parts manufacturer, saw its shares fall up to 11% after promoters Aanchal Jain and Rahul Jain each sold 5 lakh shares each via a bulk deal at an average price of around ₹1,170 per share, reducing their stake from 12.35% to 10.35%. Fiem Industries is an Indian firm that primarily manufactures and supplies automotive components.