Steel Strips Wheels (SSWL) is currently trading at Rs. 305.10, up by 13.95 points or 4.79% from its previous closing of Rs. 291.15 on the BSE.
The scrip opened at Rs. 291.10 and has touched a high and low of Rs. 311.00 and Rs. 290.00 respectively. So far 29908 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.40 on 22-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. 311.00 and Rs. 276.60 respectively. The current market cap of the company is Rs. 464.00 crore.
The promoters holding in the company stood at 57.15% while Institutions and Non-Institutions held 0.63% and 42.22% respectively.
Steel Strips Wheels has reported 25% growth in its total wheel rim sales to Rs 11.03 lakh as compared to 8.82 lakh in July 2013. In terms of Value, the company has achieved gross turnover of Rs 115.51 crore in July 2014 as compared to Rs 93.84 crore in July 2013, recorded a growth of 23% and achieved a Net turnover of Rs 104.29 crore in July 2014 as against Rs 85.02 crore in July 2013, recorded a growth of 23%. Meanwhile, the export volumes have surged by 14% to 1.42 lakh in July 2014 as against 1.24 lakh in July 2013.
In segment growth, the company’s Passenger car segment grew by 21% in July 2014 year on year (YoY), while 2 & 3 Wheeler segment volumes grew by 52% in July 2014 YoY. Furthermore, the company’s LCV & MHCV segment volumes grew by 57% YoY in July 2014 on the back of all round growth among customers. However, the company’s Tractor segment volumes dropped by 9% in July 2014 YoY.
