InvestorQ : I am holding Federal Mogul @ 322, it is falling continuously is there any issue with this co ? it's promotor holding is above 90 percentage, will it be problem for this co ? can I hold this co for long term or it's risky. please clarify.
Adarsha made post

I am holding Federal Mogul @ 322, it is falling continuously is there any issue with this co ? it's promotor holding is above 90 percentage, will it be problem for this co ? can I hold this co for long term or it's risky. please clarify.

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Anu Biswas answered.
5 months ago
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Federal Mogul Goetze is an MNC subsidiary of Federal Mogul Corp of the US. It is a world class manufacturer of pistons and rings for the automobile sector and was formerly called Goetze India. Regarding the holding of the promoter group it is 75% currently. It has leadership position in diesel pistons, piston rings and valves.

The price took a hit after it took a Rs.43cr hit on account of exceptional items as a result of which it reported a net loss in the March quarter. This stock is likely to be a slow mover as the auto industry is facing a shortage of chips which is affecting output.

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