InvestorQ : Why Federal Mogul is falling continuously? any issue with this co? last 3 quarter results were good. is it because of previous OFS price is 250/share and sold 5538100 shares?
Adarsha made post

Why Federal Mogul is falling continuously? any issue with this co? last 3 quarter results were good. is it because of previous OFS price is 250/share and sold 5538100 shares?

Answer
image
4 months ago
Follow

Actually, the results of the latest quarter have been quite good on a low base. However, there are two roadblocks that the company faces. It supply auto ancillaries to the LV and CV segment and both the sectors have not been any perceptible growth in demand. Secondly, the spik in input costs due to metal inflation has hit Federal Mogul rear hard as it limits their margins. In the short to medium term, the pressure on the stock could continue.

4 Views