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Wheels India rises on getting rating up-gradation from ICRA

12 Mar 2015 Evaluate

Wheels India is currently trading at Rs. 1395.00, up by 4.50 points or 0.32% from its previous closing of Rs. 1390.50 on the BSE.

The scrip opened at Rs. 1400.00 and has touched a high and low of Rs. 1415.00 and Rs. 1390.00 respectively. So far 1129 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1608.25 on 12-Feb-2015 and a 52 week low of Rs. 426.65 on 25-Mar-2014.

Last one week high and low of the scrip stood at Rs. 1530.00 and Rs. 1353.25 respectively. The current market cap of the company is Rs. 1678.50 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 6.77% and 18.23% respectively.

Credit Rating Agency ICRA, has upgraded the long term rating on funded facilities of Wheels India to ‘A+’ with stable outlook  from ‘A’ with stable outlook.

Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India.

 

Peers
Company Name CMP
SamvardhanaMotherson 156.20
Tube Investments 2217.00
Bosch 44503.80
UNO Minda 1107.00
Bombay Burmah Trdg. 1246.20
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