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Steel Strips Wheels is currently trading at Rs. 442.10, up by 15.10 points or 3.54% from its previous closing of Rs. 427.00 on the BSE.
The scrip opened at Rs. 429.00 and has touched a high and low of Rs. 447.90 and Rs. 427.00 respectively. So far 24276 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 458.00 on 28-Dec-2015 and a 52 week low of Rs. 254.50 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 458.00 and Rs. 397.00 respectively. The current market cap of the company is Rs. 675.22 crore.
The promoters holding in the company stood at 58.38% while Institutions and Non-Institutions held 0.66% and 40.96% respectively.
Steel Strips Wheels (SSWL) has commissioned a state of the art wider hot rolled coils slitting line covering all the grades of Mild Steel and High Tensile Steel with a maximum width of 1650 mm and thickness in the range of 2mm to 8 mm. This facility has come up in its Dappar plant where it consumes the most steel.
With the commissioning of this slitting line, the company will be benefited in terms of better quality of input steel, reduced processing losses, inventory reduction and over all lower processing cost. Hitherto the company was outsourcing this activity. The company is also expected to commission a pickling line at the same facility by the end of January 2016.
SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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