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Foster Electric Expands Automotive Business with New Indian Subsidiary

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Foster Electric Expands Automotive Business with New Indian Subsidiary

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Foster Electric Company, Limited ( (JP:6794) ) has provided an update.

Foster Electric Company, Limited’s subsidiary, ESTec Corporation, is establishing a new production subsidiary in India to expand its market presence and improve operational efficiency in its automotive business. This move is expected to have minimal impact on the company’s earnings for the current fiscal year.

The most recent analyst rating on (JP:6794) stock is a Buy with a Yen2517.00 price target. To see the full list of analyst forecasts on Foster Electric Company, Limited stock, see the JP:6794 Stock Forecast page.

More about Foster Electric Company, Limited

Foster Electric Company, Limited operates in the electronics industry, focusing on the manufacture and sale of speakers, AVAS speakers, circuit-integrated products, and related components. The company is strategically focused on enhancing its automotive business.

Average Trading Volume: 222,832

Technical Sentiment Signal: Buy

Current Market Cap: Yen51.92B

For detailed information about 6794 stock, go to TipRanks’ Stock Analysis page.

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