Steel Strips Wheels (SSWL) is currently trading at Rs. 366.25, up by 6.75 points or 1.88% from its previous closing of Rs. 359.50 on the BSE.
The scrip opened at Rs. 365.65 and has touched a high and low of Rs. 373.00 and Rs. 345.00 respectively. So far 17457 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 380.60 on 27-Nov-2014 and a 52 week low of Rs. 112.00 on 17-Feb-2014.
Last one week high and low of the scrip stood at Rs. 380.60 and Rs. 289.50 respectively. The current market cap of the company is Rs. 562.70 crore.
The promoters holding in the company stood at 57.49% while Institutions and Non-Institutions held 0.78 % and 41.73% respectively.
Steel Strips Wheels (SSWL) has reported 21% growth in its total wheel rim sales to Rs 10.54 lakh as compared to 8.70 lakh in November 2013. In terms of Value, the company has achieved gross turnover of Rs 102.63 crore in November 2014 as compared to Rs 91.35 crore in November 2013, recorded a growth of 12.35% and achieved a Net turnover of Rs 92.41 crore in November 2014 as against Rs 81.43 crore in November 2013, recorded a growth of 13.48%. However, the export volumes declined by 10% to 0.93 lakh in November 2014 as against 1.04 lakh in November 2013.
In segment growth, the company’s Passenger car segment grew by 31% in November 2014 year on year (YoY), while 2 & 3 Wheeler segment volumes grew by 27% in November 2014 YoY. Furthermore, the company’s LCV & MHCV segment volumes grew by 80% YoY in November 2014 on the back of all round growth among customers. However, the company’s Tractor segment volumes dropped by 22% in November 2014 YoY.
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.
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