SSWL is currently trading at Rs. 153.00, up by 1.55 points or 1.02% from its previous closing of Rs. 151.45 on the BSE.
The scrip opened at Rs. 154.50 and has touched a high and low of Rs. 155.35 and Rs. 152.50 respectively. So far 1521 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 30-Aug-2013.
Last one week high and low of the scrip stood at Rs. 163.25 and Rs. 150.00 respectively. The current market cap of the company is Rs. 234.05 crore.
The promoters holding in the company stood at 56.61%, while Institutions and Non-Institutions held 0.63% and 42.77% respectively.
Steel Strips Wheels (SSWL) has bagged an export order to supply 150,000 wheel rims to Peugeot-France. The order value for this export order is Approx Euro1.5 million. This order is in line with the company’s strategy to increase its foot print globally and expand its network among global Automobile manufacturers. SSWL is an existing supplier to Peugeot and this additional order has further firmed up the company's position with the global player like Peugeot.
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.
