FIEM Industries a good stock to buy: Ashish Kapur

ET Now spoke to Ashish Kapur, CEO, Invest Shoppe India Ltd, on his views on the market.

ET Now: What's your view on FIEM Industries?

Ashish Kapur: I do not track it otherwise but yes, I had a look at it. The stock looks pretty interesting not only because of the two MOUs they have signed - one for four wheeler and one for the two wheeler lighting.

Also the new plant which they are setting up at Rai, any investor with some risk appetite and a reasonably long, may be a two-year kind of time horizon can certainly look at this stock. The fundamentals are really improving and with these MoUs in place and the new plant capacity coming up at Rai, this stock can really do very well.

It suits an investor with two year kind of timeframe and willing to take the chance with a mid-cap. Why I am saying 'risk' is because it is a mid-cap, so if the market sentiment turns negative, it can may lie low for a reasonable period of time. But if you have a two-year kind of time horizon and you are reasonably comfortable with a mid-cap idea, then this is a stock, which looks very good. Don't buy it today, it has gone up a lot because of the news but moment it settles down, on declines, it is a very good stock to have in your portfolio.