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SSWL strengthens on bagging repeat export order from Russia

Steel Strips Wheels Ltd. | Auto Ancillary | Automobiles | BSE: 513262 | NSE: SSWL

16 Jul 2014 Evaluate

Steel Strips Wheels is currently trading at Rs 294.00, up by 6.40 points or 2.23% 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 22509 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 08-Jul-2014 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 293.30 and Rs 255.00 respectively. The current market cap of the company is Rs 449.25 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.

Steel Strips Wheels Share Price

220.75 7.90 (3.71%)

17-Apr-2026 16:59 View Price Chart

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SSWL strengthens on bagging repeat export order from Russia

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