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Steel Strips Wheels surges on getting patent for Disc forming process

04 Apr 2014 Evaluate

Steel Strips Wheels is currently trading at Rs. 152.75, up by 4.95 points or 3.35% from its previous closing of Rs. 147.80 on the BSE.

The scrip opened at Rs. 145.30 and has touched a high and low of Rs. 162.00 and Rs. 145.30 respectively. So far 29373 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 180.10 on 21-May-2013 and a 52 week low of Rs. 111.50 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 151.50 and Rs. 138.85 respectively. The current market cap of the company is Rs. 238.31 crore.

The promoters holding in the company stood at 56.55% while Institutions and Non-Institutions held 0.63% and 42.83% respectively. Steel Strips Wheels (SSWL) has received patent for Disc forming process from Patent office-Govt of India. The patent is for invention number 258809.

The innovation in disc forming process helps to get better endurance life & reducing the input material weight. This also has an impact on finish weight of the wheel rim and brings a saving upto the extent of 2%. This weight reduction shall help in improving fuel efficiency & environment norms compliance for passenger cars.

Passenger car wheel rim consists of two parts Rim and Disc. Both parts are manufactured separately and then welded together to form the assembled wheel rim. Rim supports tire & disc is connected to the axle & brake system.

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.

Steel Strips Wheels Share Price

220.75 7.90 (3.71%)
17-Apr-2026 16:59 View Price Chart
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