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SSWL shines on inking LTA with leading tractor manufacturer from the North India

13 Apr 2015 Evaluate

Steel Strips Wheels (SSWL) is currently trading at Rs. 332.00, up by 11.10 points or 3.46% from its previous closing of Rs. 320.90 on the BSE.

The scrip opened at Rs. 324.00 and has touched a high and low of Rs. 340.00 and Rs. 322.10 respectively. So far 6947 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. 144.00 on 16-Apr-2014.

Last one week high and low of the scrip stood at Rs. 324.60 and Rs. 302.10 respectively. The current market cap of the company is Rs. 513.93 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 signed a long term agreement (LTA) with one of the Leading Tractor Manufacturer from the North India for supplies of Tractor Wheel Rims. Escorts is an existing customer of the company and under the LTA the share of business with the customer will take a big leap and make us a majority supplier. The LTA is valid for 3 years and will improve the overall profitability & visibility of the company as the sales mix will move towards the heavier wheel. The company is also in discussion to execute few more LTA of similar nature with other tractor majors of the country.

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

220.75 7.90 (3.71%)
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