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SSWL edges higher on bagging exports order from Renault Russia & European aftermarket

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

12 Mar 2015 Evaluate

Steel Strips Wheels (SSWL) is currently trading at Rs. 337.40, up by 0.60 points or 0.18 % from its previous closing of Rs. 336.80 on the BSE.

The scrip opened at Rs. 337.90 and has touched a high and low of Rs. 348.00 and Rs. 335.00 respectively. So far 5111 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 395.95 on 19-Jan-2015 and a 52 week low of Rs. 126.50 on 14-Mar-2014.

Last one week high and low of the scrip stood at Rs. 345.90 and Rs. 304.10 respectively. The current market cap of the company is Rs. 518.81 crore.

The promoters holding in the company stood at 57.98 % while Institutions and Non-Institutions held 0.90 % and 41.13 % respectively.

SSWL has bagged an exports order from Renault's Moscow, Russia plant. Vehicles would be sold in Russia, Ukraine & other CEIR countries. This is a carryover project and currently the wheel is being supplied to Renault's plant in India, Romania & South America. Supplies for this wheel would start by early 2016. Meanwhile, the company has also bagged orders from European aftermarkets and wheels to be supplied in this March 2015. The company will start full supplies to the new European customer for entire next financial year. The order value is Euro 0.20 million.

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

217.10 -3.65 (-1.65%)

20-Apr-2026 09:23 View Price Chart

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SSWL edges higher on bagging exports order from Renault Russia & European aftermarket

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