Steel Strips Wheels (SSWL) is currently trading at Rs. 338.30, up by 11.90 points or 3.65% from its previous closing of Rs. 326.40 on the BSE.
The scrip opened at Rs. 329.00 and has touched a high and low of Rs. 344.00 and Rs. 329.00 respectively. So far 4044 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. 254.50 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 344.00 and Rs. 311.30 respectively. The current market cap of the company is Rs. 511.03 crore.
The promoters holding in the company stood at 58.10% while Institutions and Non-Institutions held 0.79% and 41.12% respectively.
Kalink company has agreed to invest an amount equivalent to $ 2 million by subscribing equity shares in SSWL as per applicable Acts, rules and regulations and as per the terms and conditions as may be mutually agreed between both the parties.
Kalink is a South Korean based corporation and is organized and existing under the laws of South Korea. It is a leading Alloy Wheel manufacturer and is having manufacturing facilities at Korea and China with a total manufacturing capacity of 4.5 million wheel rims p.a and is supplying to major OEM viz Volkswagen, Nissan and Chrysler etc.
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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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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