Steel Strips Wheels is currently trading at Rs. 221.00, up by 3.80 points or 1.75% from its previous closing of Rs. 217.20 on the BSE.
The scrip opened at Rs. 220.70 and has touched a high and low of Rs. 221.00 and Rs. 219.00 respectively. So far 1,167 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 339.95 on 05-Apr-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. 222.00 and Rs. 207.00 respectively. The current market cap of the company is Rs. 328.00 crore.
The promoters holding in the company stood at 52.48% while Institutions and Non-Institutions held 2.74% and 44.78% respectively.
Steel Strips Wheels has reported 1.40% growth in January sales. The company has achieved sales of 8.67 lakh steel wheel rims during the month of January, 2012 as against 8.55 lakh steel wheel rims during the month of January, 2011. The company has also achieved highest sale of truck wheel rims in a single month.
Further, the company has achieved the export sales of 68,480 wheel rims during the month of January, 2012 as against 87,779 wheel rims during the month of January, 2011.
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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