Steel Strips Wheels is currently trading at Rs 195.10, up by 3.95 points or 2.07% from its previous closing of Rs 191.15 on the BSE.
The scrip opened at Rs 194.85 and has touched a high and low of Rs 197.95 and Rs 189.90 respectively. So far 17253 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 365.00 on 04-Jan-2011 and a 52 week low of Rs 162.00 on 23-Nov-2011.
Last one week high and low of the scrip stood at Rs 197.95 and Rs 175.50 respectively. The current market cap of the company is Rs 286.47 crore.
The promoters holding in the company stood at 52.44% while Institutions and Non-Institutions held 2.97% and 44.60% respectively.
Steel Strips Wheels has achieved a growth of 3.60% in the sale of 9.36 lakh steel wheel rims during the month of December, 2011 as against 9.03 lakh during the month of December, 2010. The company has recorded a growth of 352% in sale of trucks and 53% in the sale of tractor during the month of December 2011 as compared to sales in December 2010.
The company has also achieved the export sales of 99,511 wheel rims during the month of December 2011 as against 84,052 wheel rims during the month of December, 2010, recording a growth of 18%.
The company 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.
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