Steel Strips Wheels is currently trading at Rs. 323.70, up by 21.70 points or 7.19% from its previous closing of Rs. 302.00 on the BSE.
The scrip opened at Rs. 303.60 and has touched a high and low of Rs. 335.00 and Rs. 303.60 respectively. So far 22333 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. 161.60 on 30-May-2014.
Last one week high and low of the scrip stood at Rs. 335.00 and Rs. 299.30 respectively. The current market cap of the company is Rs. 501.42 crore.
The promoters holding in the company stood at 58.02% while Institutions and Non-Institutions held 0.99% and 41.00% respectively.
Steel Strips Wheels (SSWL) has bagged an order from Canadian Passenger Car aftermarket. This would mark the entry of SSWL wheels in North America. Wheels would be shipped by end of June 2015.
These order volumes are expected to go up to 40K wheels next year with total value of around $1 million per annum. The program will run for 5 years and resulting in volumes of 175K and revenue addition of 4.5Mn Dollar.
Apart from this, the company is also in advance stages of bagging an order from Polish aftermarket party for Passenger Car wheels. This compliments SSWL’s strategy to increase its presence in the Global aftermarket requirements.
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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