Steel Strips Wheels is currently trading at Rs. 296.00, up by 8.40 points or 2.92% from its previous closing of Rs. 287.60 on the BSE.
The scrip opened at Rs. 289.00 and has touched a high and low of Rs. 301.10 and Rs. 288.50 respectively. So far 20,277 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 301.00 on 16-Jul-2014 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. 301.10 and Rs. 255.00 respectively. The current market cap of the company is Rs. 449.00 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 its repeat export order from Russian territory. The order will cater to the Russian after-market demand and this order will open up opportunity for SSWL to increase foothold in export markets. The order is worth 25000 wheels and will cater to passenger car segment.
The wheels will be exported for LADA Cars sold in Russia & Europe and will be executed in second quarter 2014-2015 only. This order will become a repeat business going forward and will add volumes to export segment.
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.
